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Chapter 3: Q. 115 (page 334)

A grocery store reduced the price of a loaf of bread from \(2.80 to \)2.73. Find the percent decrease.

Short Answer

Expert verified

The percent decrease in the price of loaf bread is 2.5%.

Step by step solution

01

Step. 1 Given Information

The old price of the loaf of a bread is $2.80.

Now the grocery store decreases its value and it is now priced at $2.73.

02

Step. 2 Percentage calculation

The change in the price by grocery store is $2.80 - $2.73 = $0.07

Now the percent increase will be calculated as follows:

=ChangeinthepriceOldprice×100%=-0.072.80×100%=-0.025×100%=-2.5%

This negative sign shows that the change is negative and it is percent decrease.

Therefore, 2.5% will be the percent decrease.

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