Answer:
The price fell by 13.5%.
Step-by-step explanation:
Formula: Subtract the lower price from the higher price. Divide that answer by the higher price. Multiply by 100 to get the percent. This is also the formula for percent error.
1: [tex](\frac{3.7-3.2}{3.7})*100[/tex]
2: [tex](\frac{0.5}{3.7}) *100[/tex]
3. 0.135*100
4: 13.51%
The final answer is 13.5%.
