percent increase or decrease: an item's quality reduces from 1,012 to 948. what is the percentage decrease of the quantity? round your answer to the nearest tenth of a percent.
Accepted Solution
A:
Answer:The reduced percentage of the quantity = 6.32%Rounding off 6.32 % to the nearest tenth , we get the same percentage.Step-by-step explanation:The initial cost price of the itam = 1012The new reduced price = 948So, the reduced amount = Marked Price - the reduced price= 1012 - 948 = 64Now, the percentage decrease = [tex]\frac{\textrm{Reduced amount}}{\textrm{Marked price}} \times 100[/tex] = [tex]\frac{64}{1012} \times 100 = 6.32[/tex]So, the reduced percentage = 6.32%Rounding off 6.32 % to the nearest tenth , we get the same percentage.