A grocery store reduced the price of a loaf of bread from 2.73. Find the percent decrease. Round your answer to one decimal place.
Answer
How to Calculate Percent Decrease in Price
When a price drops, the percent decrease tells us how much the price has been reduced in percentage terms. Let’s walk through how to calculate the percent decrease from ₹2.80 to ₹2.73.
Step 1: Find the Difference in Prices
Price Drop = Old Price − New Price = ₹2.80 − ₹2.73 = ₹0.07
Step 2: Divide the Difference by the Original Price
This gives us the fraction of the original price that was decreased:
Decrease Fraction = 0.07 / 2.80 ≈ 0.025
Step 3: Convert to Percentage
Multiply the decimal result by 100 to get the percent:
Percent Decrease = 0.025 × 100 = 2.5%
✅ Final Answer: The percent decrease in price is 2.5%
This simple percentage method can be applied to any change in value — useful for comparing prices, discounts, or savings!