Answer with explanation:
Original Price = $250
Decreased Price = $ 150
Reduction = Original Price - Decreased Price
= $ 250 -$ 150
= $ 100
Let reduction Percentage =x %
% Reduction
[tex]=250 -250 \times \frac{x}{100}=150\\\\\Rightarrow 250-150=250 \times \frac{x}{100}\\\\ \Rightarrow \frac{100}{250}= \frac{x}{100}\\\\\Rightarrow x=\frac{10000}{250}\\\\\Rightarrow x=40[/tex]
x=40%
⇒40% ≠ 100%
→→→When the consumer price index (cpi) decreases from 250 to 150, prices decrease by 100% , is False Statement.
