Scarlet is keeping an eye on a mutual fund. At the beginning of the month, the mutual fund was priced at $⁢2,738 By the end of the month, its price has fallen to $⁢2,299.92 What is the percent decrease in the mutual fund's value?

The decrease is $2,738 − $2,299.92 = $438.08. Divide the decrease by the original value and convert to a percent: ($438.08 ÷ $2,738) × 100 = 16%, so the percent decrease is 16 percent.

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