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kondor19780726 [428]
3 years ago
4

c. Using the midpoint formula, a decrease in price from $60 to $50 per bathing suit represents a(n) ______ decrease in price.

Business
1 answer:
Nataly_w [17]3 years ago
4 0

Answer: 18.18% decease

Explanation:

The Midpoint formula uses the average Price (as denominator) to calculate the change in price instead of the original price by the following formula;

% Decrease in price = Change in price / Average price

= (50 - 60) / ((60 + 50)/2)

= -10 / (55)

= -0.1818

= -18.18%

Using the midpoint formula, a decrease in price from $60 to $50 per bathing suit represents an 18.18% decrease in price.

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