Learn how to determine the percent price decrease between two values

The video tutorial explains how to calculate the percentage decrease in the price of a Nintendo console over time. It covers the concept of price changes due to economic factors, demonstrates the calculation of price decrease using long division, and converts the result into a percentage. The tutorial concludes with a reminder that the discussed concepts will be included in a test.

What is the initial price of the Nintendo console mentioned in the video?

• $100

• $120

• $130

• $150

Which economic concept is mentioned as a reason for potential future price increases?

• Inflation

• Scarcity

• Demand

• Supply

What is the formula used to calculate the percentage decrease in price?

• New price over price increase

• Original price over price decrease

• Price decrease over original price

• Price increase over new price

What is the first step in simplifying the division for percentage calculation?

• Subtract the divisor from the dividend

• Add zeros to the dividend

• Simplify the fraction

• Multiply the dividend by 10

What is the final percentage decrease calculated in the video?

• 64.6%

• 94.6%

• 84.6%

• 74.6%