Answer:
36.4%
Step-by-step explanation:
The percentage reduction in price is given by
[tex]\% = \frac{new \: value - old \: value}{old \: value} \times 100[/tex]
the new value is $70 and the old is $110 thus we can get the percentage reduction. Remember that the percentage change is based on the old value since it is the reference point and thus we measure how much we move from it!!
