The regular price of a color TV is 566 37 During a sale Hill

The regular price of a color TV is $566 37 During a sale. Hill TV is selling the TV for $502.21 Determine the percent decrease in the price of the TV. The percent decrease is (Type an integer or decimal rounded to the nearest tenth as needed.)

Solution

The actual price of the TV is $ 566.37. During a sale it was sold at $ 502.21. We need to determine the percent decrease in the price.

First we need to the difference in the price.

Let us call the actual price as M.R.P and the value it was sold for as S.P

SO we have M.R.P = $ 566.37 and S,P = $ 502.21. THe difference D = M.R.P -S.P = $566.37-$502.21 = $64.16

To find the percent decrease will have to compare the difference with M.R.P and multiply it by a hundered so we

get

D% = (D/M.R.P)x 100 = 64.16/566.37 x100 = 11.3282 %