Question

if the average cost of producing one widget decreases from $12.50 to 10.75 what is the percent of the decrease

Answer 1

Answer:

% of decrease is 14%

Explanation:

The % of change is calculated as follows:

% of change = $\frac{(NewValue) - (OldValue)}{(OldValue)} * 100$

If the % of change is positive, then it is a increase.

If the % of change is negative, them it is a decrease

Now, from the givens we have:

Old value = $12.5 and New value = $10.75

Substitute with these values in the above equation to get the % of change as follows:

% of change = $\frac{10.75 - 12.5}{12.5}*100=14$%

Since the change is negative, therefore, the production cost of one widget DECREASED by 14%

Hope this helps :)

Answer 2

Answer:

Step-by-step explanation: