If the stadium made $2,150,000 last year for sports events but only made $1,650,000 this year, what is the percentage decrease in profit? (Round to the nearest percent.)

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Business

Sylvia Hull

31 December, 04:24

If the stadium made $2,150,000 last year for sports events but only made $1,650,000 this year, what is the percentage decrease in profit? (Round to the nearest percent.)

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Thor · Answer 1

23% decrease.

We can do this by simply dividing 1,650,000 by 2,150,000. That would give us 0.7674. Multiply that by 100 and you have 76.74%.

However, this is the percent amount of how 1,650,000 is out of 2,150,000. So, we need to simply minus this answer by 100 to get 23.26, or 23%.