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Answer:
24.14%
Step-by-step explanation:
Given that,
A team's total salaries is $4,614,244.
The team would like to bring the total down to $3.5 million = $3500000
We need to find the percentage decrease in the team's total salary. The percentage decrease/increase in any value is givenby :
[tex]\%=\dfrac{\text{change in population}}{\text{initial population}}\times 100\\\\=\dfrac{3500000-4,614,244}{4,614,244}\times 100\\\\=24.14\%[/tex]
So, the percentage decrease in the team's total salary is 24.14%.