Answer with explanation:
The formula to find the percent decrease is given by :-
[tex]\dfrac{\text{Decrease in amount}}{\text{Previous amount}}\times 100[/tex]
Given : The number of CDs sold in 2010 was 114 million, down from 147 million the previous year.
Decrease in number of CDs = [tex]\text{147-114 million}=33\text{ million}[/tex]
The percent decrease will be :_
[tex]\dfrac{33}{147}\times 100=22.4489795918\approx22.45\%[/tex]
Hence, the relative percent decrease = -10.96%
The absolute percent decrease = 10.96%.
