Due to wage concessions, Bill's hourly wages dropped from $19.50 to $16.00. Find the percent decrease in his wages. Round to the nearest tenth of a percent if necessary.
A) 17.9%
B) 8%
C) 1%
D) 22%
E) 2%

Question

Quizplus · Accepted Answer

The percent decrease in Bill's wages is calculated by the formula: [(Old Wage - New Wage) / Old Wage] * 100. Substituting the given values: [(19.50 - 16.00) / 19.50] * 100 = 3.50 / 19.50 * 100 = 17.9%.

Due to Wage Concessions, Bill's Hourly Wages Dropped from $19