A hotel previously bought queen-size sheet sets wholesale for 22 point 5 0 dollars The new order shows the sets now cost 20 point 9 5 dollars What is the percent increase or decrease? Round to the nearest tenth of a percent if necessary.
Answer
A
an increase of 6 point 9 percent
B
a decrease of 7 point 4 percent
C
an increase of 7 point 4 percent
D
a decrease of 6 point 9 percent
Explanation
The price decreased by $22.50 − $20.95 = $1.55. To find the percent change, divide the decrease by the original price: $1.55 ÷ $22.50 × 100 ≈ 6.9%. So the correct choice is a decrease of 6.9%.
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