Problema Solution
At a Safeway Supermarket, the price of yellow onions dropped from $0.59 per pound to $0.45 per pound.
What is the percent decrease in the price of onions?
Tomatoes are expected to undergo the same percent decrease in price. If they currently sell for $1.09 per pound, what will be the new price of tomatoes?
Answer provided by our tutors
What is the percent decrease in the price of onions?
p = ((0.59 - 0.45)/0.59)
p = 0.2379
or in %: 0.2379*100 = 23.79%
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Tomatoes are expected to undergo the same percent decrease in price. If they currently sell for $1.09 per pound, what will be the new price of tomatoes?
new price = 1.09 - 1.09*p = 1.09(1 - p)
new price = $0.8314
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