SOLUTION: 5) The price of an item changed from $120 to $100. Then later the price decreased again from $100 to $80. Which of the two decreases was larger in percentage term?

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Question 425466: 5) The price of an item changed from $120 to $100. Then later the price decreased again from $100 to $80. Which of the two decreases was larger in percentage term?
Answer by jorel1380(3719) About Me  (Show Source):
You can put this solution on YOUR website!
120-100/120=20/120=16.67%
100-80/100=20/100=20%
The second decrease was larger in terms of percentage..