A new basketball cost increased 5% last week. A basketball coach wanted to buy two dozen basketballs in bulk for his team. He was able to negotiate paying only 90% of the posted price for the bulk purchase. How much did the coach save by purchasing in bulk?
Options: A) 2.5% B) 3.5% C) 4.5% D) 5.5% E) 6.5%
Quantity X Rate = Price   1 X 1 = 1   0.9 X 1.05 = 0.945   5.5%ecrease in price = (0.055/1) Ã— 100 = 5.5%   Answer = Option 5.5%
<result>D</result>
A new basketball cost increased 5% last week. A basketball coach wanted to buy two dozen basketballs in bulk for his team. He was able to negotiate paying only 90% of the posted price for the bulk purchase. How much did the coach save by purchasing in bulk?