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fandandy

A little help for an idiot...

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I'm trying to figure out a percentage decrease in cost.  

If something used to cost me 1.22 and now costs me .95 , what percent savings is that and what is the equation that I would use to figure it out.  Thanks in advance.  

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12 minutes ago, TimmySmith said:

95/122?     The answer - 1 would be % savings.

:thumbsup:

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41 minutes ago, fandandy said:

I'm trying to figure out a percentage decrease in cost.  

If something used to cost me 1.22 and now costs me .95 , what percent savings is that and what is the equation that I would use to figure it out.  Thanks in advance.  

There's two ways... as mentioned above:

0.95 / 1.22 = 0.7787  (that's not your savings though).  To get your savings, you have to subtract...

1 - 0.7787 = 22.13%

 

The other way would be to subtract first..

1.22 - 0.95 = 0.27 (then divide the result by the original price)

0.27 / 1.22 = 22.13%

 

Whichever way is best for you, go with it.  If you have your phone with you, the second way is faster on your calculator...

(1.22-.95) / 1.22% = 22.13

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