SOLUTION: Last year a company spent $5,000 on office supplies. This year they spent only $4500. What is the percentage of decrease in their expenditure?

SOLUTION: Last year a company spent $5,000 on office supplies. This year they spent only $4500. What is the percentage of decrease in their expenditure?

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Question 168118: Last year a company spent $5,000 on office supplies. This year they spent only $4500. What is the percentage of decrease in their expenditure?
Answer by oscargut(2103) (Show Source): You can put this solution on YOUR website!
5000-4500=500
then
percentage is 500/5000=0.1
Answer: 10%
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