SOLUTION: A new printer costs $40, last year`s model cost $45. What is the percentage change in the cost of the printer

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: A new printer costs $40, last year`s model cost $45. What is the percentage change in the cost of the printer       Log On


   

Question 1189660: A new printer costs $40, last year`s model cost $45. What is the percentage change in the cost of the printer
Found 2 solutions by math_tutor2020, greenestamps:
Answer by math_tutor2020(3817) About Me  (Show Source):
You can put this solution on YOUR website!

I read the problem wrong. Ignore my previous solution.

Answer by greenestamps(13203) About Me  (Show Source):
You can put this solution on YOUR website!


The price went DOWN $5....

%decrease = ((amount of change)/(previous price))*100 = (5/45)*100 = 100/9

ANSWER: the percent change was a decrease of 100/9 = 11 1/9
or
The change was -11 1/9%