A lamp is on sale, and its price is reduced from $80 to $50. What is the percent of decrease? Select from the drop-down menu to correctly complete the statement.
The percentage decrease is equal to the change in price ( the decreased amount) divided by the original amount, then multiplied by 100. We have,
Percentage decrease = \(\frac{80-50}{80}=0.375*100=37.5\) %
ANSWER: 37.5%