A percentage is a way to describe a part of a whole. The percetage decrease in the price of CD is 33.33%.
<h3>What are Percentages?</h3>
A percentage is a way to describe a part of a whole. such as the fraction ¼ can be described as 0.25 which is equal to 25%.
To convert a fraction to a percentage, convert the fraction to decimal form and then multiply by 100 with the '%' symbol.
The price of the CD decreases from $18 to $12. Therefore, the percentage decrease is,
Percentage Decrease = ($18-$12)/$18 × 100% = 33.33%
Hence, the percetage decrease in the price of CD is 33.33%.
Learn more about Percentages:
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