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anonymous
 4 years ago
Find the new price of an item that originally cost $15,000 and has a percent of decrease of 5 %.
anonymous
 4 years ago
Find the new price of an item that originally cost $15,000 and has a percent of decrease of 5 %.

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asnaseer
 4 years ago
Best ResponseYou've already chosen the best response.1original price represents 100%. so 100% = $15,000. price drop of 5% means the price is now 95% of the original. so you can either find 95% of $15,000 and that would be your answer, or, you can find 5% of $15,000 and then subtract that from $15,000 to get the answer.

asnaseer
 4 years ago
Best ResponseYou've already chosen the best response.1@Luis  the question states that the original price is $15,000  not the decreased price. and decreasing by 5% will give you 95% not 85% (i.e. 0.95 not 0.85).

gw2011
 4 years ago
Best ResponseYou've already chosen the best response.1There are two ways to solve this problem: 1) (0.95)(15,000)=$14,250 2) $15,000(0.05)(15,000)=$15,000750=$14,250
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