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Chapter 2: Q. 135 (page 130)

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

Short Answer

Expert verified

Percentage change is -2.5%. Negative sign means decrease in price of a loaf of bread.

Step by step solution

01

Step. 1 Given information 

Initial value =$2.80

Final value = $2.73

02

Step. 2 Concept 

Percentage change equals the change in value divided by the value of the original value, multiplied by 100.

03

Step. 3 Calculation 

Percentage change

=Finalvalue-InitialvalueInitialvalue×100=2.73-2.802.80×100=-0.072.80×100=-2.5%

Thus percentage change is -2.5 %.

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