SOLUTION: If the price of a cell phone, 10 years ago, was 4 times (300%) higher than it is now, can we say that the same cell phone is 300% cheaper now?

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Question 989840: If the price of a cell phone, 10 years ago, was 4 times (300%) higher
than it is now, can we say that the same cell phone is 300% cheaper
now?
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
If the price of a cell phone, 10 years ago, was 4 times (300%) higher
than it is now, can we say that the same cell phone is 300% cheaper
now?
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4 times higher is 400% higher, not 300%.
1 time higher is a 100% increase
2 times higher is a 200% increase
3 times higher is a 300% increase
etc
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Nothing can be 300% cheaper. If it's 100% cheaper, the price is zero (0).