Concept explainers
To find:thepercentage change from $20 to $15.
Answer to Problem 19GR
The percentage decrement is
Explanation of Solution
Given information:
The cost changed from $20 to $15.
Calculation:
Here, Final cost is less than the initial cost. Hence, the change is decrease.
Percentage decrement is calculated as follows:
Negative sign is for percentage decrement.
Thus, thepercentage decrement is
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