Questions: A grocery store reduced the price of a loaf of bread from 2.80 to 2.73. Find the percent change.

A grocery store reduced the price of a loaf of bread from 2.80 to 2.73. Find the percent change.
Transcript text: 135. A grocery store reduced the price of a loaf of bread from $\$ 2.80$ to $\$ 2.73$. Find the percent change.
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Solution

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Solution Steps

Step 1: Identify the original and new prices

The original price of the loaf of bread is \$2.80, and the new price is \$2.73.

Step 2: Calculate the difference in price

Subtract the new price from the original price to find the difference: \[ \text{Difference} = \$2.80 - \$2.73 = \$0.07 \]

Step 3: Calculate the percent change

The percent change is calculated using the formula: \[ \text{Percent Change} = \left( \frac{\text{Difference}}{\text{Original Price}} \right) \times 100 \] Substitute the values: \[ \text{Percent Change} = \left( \frac{0.07}{2.80} \right) \times 100 = 2.5\% \]

Final Answer

The percent change is \\(\boxed{2.5\%}\\).

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