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Answer:
Step 1: $15
Step 2: 38%
Step-by-step explanation:
Step 1:
40 - 25 =15.
Therefore, the price would decrease by $15.
Step 2:
40 multiplied by .38 equals 24.80. You would round that up to 25. If you plugged in 37%, it would equal 25.20, which is over the price. Therefore the price decreased by 38%.