# Store sells a running suit for $35. Joey found the same suit online for$29. What is the percent decrease to the nearest percent?

Jan 9, 2017

The price decrease to the nearest percent is 17%

#### Explanation:

The formula for determining the percentage change is:

$p = \frac{N - O}{O} \cdot 100$

Where:

$p$ is the percentage change - what we need to calculate
$N$ is the New price - $29 for this problem $O$is the Old price -$35 for this problem

Substituting and calculating $p$ gives:

$p = \frac{29 - 35}{35} \cdot 100$

$p = - \frac{6}{35} \cdot 100$

$p = - \frac{600}{35}$

$p = 17$ rounded to the nearest percent.