SOLUTION: Last year, a computer cost $600. If the same computer costs only $486 now, what percent has the price decreased?

Question 1067565: Last year, a computer cost $600. If the same computer costs only $486 now, what percent has the price decreased?
Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
simplest way to solve this is to find the positive value of difference and then divide it by the cost last year and then multiply that by 100%.

if the cost this year is less than the cost last year, your percent is a loss percent.

if the cost this year is greater than the cost last year, your percentis a gain percent.

your cost last year was 600.
your cost this years is 486.

the difference is 114.

divide that by 600 and you get 114/600 = .19.

multiply that by 100 and you get 19%.

since the cost this year is less than the cost last year, you have a loss of 19%.

your price has decreased by 19%.

19% of 600 is equal to 114.

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