SOLUTION: I purchased a cell phone for 199.00. 6 months later same cell phone was selling for 119.00. by what percent had the price decreased ?

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Question 587021: I purchased a cell phone for 199.00. 6 months later same cell phone was selling for 119.00. by what percent had the price decreased ?
Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
Percent Decrease = [(Old - New)/Old] * 100

Percent Decrease = [(199-119)/199] * 100

Percent Decrease = [80/199] * 100

Percent Decrease = 0.402010050251256 * 100

Percent Decrease = 40.2010050251256%