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Review: Percent Decrease in Value
Explanation
In this question, we must determine a percentage change.
Percentage changes are measured relative to the original value, which in this
case is $1800. The change itself was $190. Therefore, the proportion of change,
as a fraction, is We have the word "approximately" in this
question, so we can approximate. The fraction is roughly ,
which is ,
which is .
The exact value might not be 11% exactly, but it will certainly be closer to
11% than to 15%.
The correct answer is (B).
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