During the course of a year, the price of a boat decreased from $300,000 to $240,000. what was the percent decrease in price?

The percent decrease=(1-(240,000/300,000))*100%=20% decrease.

This is what i found “an explicit formula designates the nth term of the sequence, as an expression of n (where n = the term's location). it defines the sequence as a formula in terms of n. this example is an arithmetic sequence(the same number, 5, is added to each term to get to the next term).” i hope this you for what your looking for. can you plz mark me brainliest?