The price of an item changed from 120to100. Then later the price decreased again from 100to80. Which of the two decreases was larger in percentage term?
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Solution
First decrease in percent
part / whole =(120−100)120=0.17=17%
The second decrease in percent
part / whole=(100−80)100=0.20=20%
The second decrease was larger in percent term. The part was the same in both cases but the whole was smaller in the second decrease.