A wooden manufacturing company declares that a wooden is now available for $11200 as against $25200

one year before. Find the percentage reduction in the price of wooden offered by the company.

a) 25 1/3

b) 691/3

c) 66 1/3

d) 33 1/3

e) 55 5/9

1 Answer

Answer :

Answer: E

Price of the wooden a year before = $25200

Price of the wooden after a year = $11200

Decrease in price = $(25200 - 11200) = $14000

Therefore, decrease % = 14000/25200 × 100 %

 = 55 5/9 %

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