STEP - BY - STEP EXPLANATION
What to find?
Percentage decreaase.
Given:
Original price = $600
new price = $504
Step 1
Recall the formula for percentage decrease.
[tex]\text{ \% decrease=}\frac{decrease}{original\text{ price}}\times100\text{ \%}[/tex]Step 2
Determine the value for the dcerease.
[tex]Decrease=new\text{ price - original price}[/tex][tex]Decrease=504-600=-96[/tex]Step 3
Substitute into the formula and simplify.
[tex]\text{ \% decrease=-}\frac{96}{600}\times100\text{ \%}[/tex][tex]=-16\text{ \%}[/tex]ANSWER
Percent decrease = 16% decrease
