Math Snap

STEP 1

What is this asking?
If a tablet's price drops by a certain percentage each year, and we know the price in 2022 after a drop, what will the price be in 2023 after another drop at the same rate?
Watch out!
Don't forget that the decrease is a percentage, not a fixed amount!
So, each year, a different amount is subtracted from the price.

STEP 2

1. Calculate the multiplier.
2. Apply the multiplier to the 2022 price.

STEP 3

A 17% decrease means we're left with $100\% - 17\% = 83\%$ of the original value.

STEP 4

To use this percentage in a calculation, we convert it to a decimal by dividing by 100: $83\% = \frac{83}{100} = 0.83$.
This is our multiplier!

STEP 5

We take the 2022 price of $\$128.65$ and multiply it by our multiplier, $0.83$, to find the 2023 price.

STEP 6

$$128.65 \cdot 0.83 = 106.7595$$

STEP 7

Since we're dealing with money, we round to the nearest cent, giving us $\$106.76$.

The price of the tablet in 2023 will be $\$106.76$.