Sure, let's determine the percent change if the price of a quart of ice cream went from [tex]$5.00 last year to $[/tex]3.35 this year.
1. Determine the initial and final prices.
- Initial price: [tex]$5.00
- Final price: $[/tex]3.35
2. Calculate the change in price.
- Change in price = Final price - Initial price
- Change in price = [tex]$3.35 - $[/tex]5.00
- Change in price = -[tex]$1.65
3. Calculate the percent change.
- Percent change = (Change in price / Initial price) * 100
- Percent change = (-$[/tex]1.65 / [tex]$5.00) * 100
- Percent change = -33.0%
4. Round to the nearest tenth of a percent (if necessary).
- In this case, the percent change is already rounded to the nearest tenth of a percent.
So, the percent change in the price of a quart of ice cream from $[/tex]5.00 to $3.35 is -33.0%.
Therefore, the correct answer is:
-33.0%
