Answer:
$36
Step-by-step explanation:
The original value is $37.50 so that is 100%.
A decrease of 4% from original value means that you are finding 96% of the value, since 100% -4%= 96%
So the new value is 37.50/100 ×96= $36
This is because:
100% ----- $37.50
1% --------- $0.375
96% ------- $36
or taking 96% of original value would be
96/100 × $37.50= $36
Which would give you the same answer
