Percentage Decrease
1. The problem states that the price of a game decreased from £20 to £12, and we need to find the percentage decrease.
2. Percentage decrease is given by the formula:
$$\text{Percentage decrease} = \frac{\text{Original Price} - \text{New Price}}{\text{Original Price}} \times 100$$
3. Substitute the known values:
$$\text{Percentage decrease} = \frac{20 - 12}{20} \times 100$$
4. Calculate the numerator:
$$20 - 12 = 8$$
5. Divide by the original price:
$$\frac{8}{20} = 0.4$$
6. Multiply by 100 to find the percentage:
$$0.4 \times 100 = 40$$
7. Therefore, the price is decreased by 40%.