Answer:
The percent decrease in the price of shirt is 27.78%
Step-by-step explanation:
The percent decrease is the decrease in the price of a product or good.
Given
Original Price = $45
Decreased price = $32.50
Percentage decrease is calculated by using the formula
[tex]Percentage\ decrease = \frac{decrease}{Original\ price} *100\\[/tex]
And the decrease is calculated as:
[tex]Decrease = Original\ price - Reduced\ price[/tex]
So,
[tex]Decrease = 45-32.50 = 12.5[/tex]
Putting the values in the formula for percent decrease
[tex]Percent\ decrease = \frac{12.50}{45} *100\\=0.2777..*100\\= 27.77..[/tex]
Rounding off to nearest hundredth: 27.78%
Hence
The percent decrease in the price of shirt is 27.78%
