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Twelve small restaurants in a town formed a purchasing cohort to get better pricing based on volume purchasing. If one of the restaurants found that
Twelve small restaurants in a town formed a purchasing cohort to get better pricing based on volume purchasing. If one of the restaurants found that purchasing expenses had averaged $11,250 prior to forming the cohort and were now averaging $10,237, the percent decrease in purchasing expenses for this restaurant was ___%. (Tip: Replace revenue (R) with expense (E) in the formula for calculating percent decrease.)
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