Question

the price of an item yesterday was $40. today, the price fell to $26. find the percentage decrease.

Explanation:

Step1: Find the amount of decrease

To find the amount the price decreased, we subtract today's price from yesterday's price. So, $40 - 26 = 14$.

Step2: Calculate the percentage decrease

The formula for percentage decrease is $\frac{\text{Decrease}}{\text{Original Price}} \times 100\%$. Substituting the values, we get $\frac{14}{40} \times 100\%$. First, calculate $\frac{14}{40}=0.35$, then multiply by 100%: $0.35\times100\% = 35\%$.

Answer:

35%