Question

HELP PLEASE WITH PART A AND B!!!!!

Answer 1

a. Answer:

For this question we'll use the following method:

1. Let's subtract old value from new value

185$-160$ = -25$

The negative value implies that the price has decreased

2. Divide the result by the old value

25$/185$ = 0,1351

3. Convert this value to percentage:

0,1351 x 100 = 13,51%

Finally, by rounding to the nearest tenth:

13,5%

That means 13,5% decrease

b. Answer:

1. Let's subtract old value from new value

77$-56$ = 21$

The positive value implies that the price has increased

2. Divide the result by the old value

21$/77$ = 0,2727

3. Convert this value to percentage:

0,2727 x 100 = 27,3%

Finally, by rounding to the nearest tenth:

27,3%

That means 27,3% increase