erika owned a gym with a yearly membership fee of $500. to attract more members, the yearly fee was changed…

erika owned a gym with a yearly membership fee of $500. to attract more members, the yearly fee was changed to $475. calculate the percent change in the gyms yearly membership fee. choose the correct answer from each drop - down menu. the gyms yearly membership fee by from the previous year.

erika owned a gym with a yearly membership fee of $500. to attract more members, the yearly fee was changed to $475. calculate the percent change in the gyms yearly membership fee. choose the correct answer from each drop - down menu. the gyms yearly membership fee by from the previous year.

Answer

Explanation:

Step1: Calculate the difference

$500 - 475= 25$

Step2: Calculate the percent - change

Percent change=$\frac{\text{Change}}{\text{Original}}\times100%=\frac{25}{500}\times100%$ $=\frac{25\times100}{500}% = 5%$ Since the fee decreased from $500$ to $475$, it is a decrease.

Answer:

The gym's yearly membership fee decreased by 5% from the previous year.