The decrease is 8.7%
Step-by-step explanation:
Old price = $23000
New price = $21000
Difference = New price - Old price
Difference = 21000 - 23000 = -2000
The negative sign indicates the decrease.
[tex]Percent\ decrease=\frac{Difference}{New\ value}*100\\\\Percent\ decrease=\frac{2000}{23000}*100\\\\Percent\ decrease=\frac{200000}{23000}\\\\Percent\ decrease=8.69\%[/tex]
Rounding off to nearest tenth;
Percent decrease = 8.7%
The decrease is 8.7%
Keywords: difference, percentage
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