Question 835195
The old price is {{{ 5/3 }}} dollars/pound
The new price is {{{ 2/3 }}} dollars/pound
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The fraction of the decrease in price is
{{{ (( 5/3 - 2/3 )) / ((5/3)) }}}
{{{ (( 3/3 )) / (( 5/3 )) = 1/((5/3)) }}}
{{{ 1/((5/3)) = 3/5 }}}
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The percent decrease in price is:
{{{ (3/5)*100 = 60 }}}
60%