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Iphones cost \( \$ 800 \) in 2020. In 2022, it cost \( \$ 750 \)

Ask by Huang Vargas. in the United States
Feb 26,2025

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Answer

The iPhone's price decreased by $50, which is a 6.25% reduction from 2020 to 2022.

Solution

It appears you’re pointing out that iPhones cost $800 in 2020 and $750 in 2022. One natural question might be: How much did the price change in terms of dollars and as a percentage? 1. The difference in price is:   $800 – $750 = $50 2. To find the percentage decrease relative to 2020:   Percentage decrease = (Price change / 2020 price) × 100   = ($50 / $800) × 100   = 0.0625 × 100   = 6.25% Thus, from 2020 to 2022, the iPhone’s cost decreased by $50, which represents a 6.25% reduction.

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Extra Insights

Did you know that the iPhone has been around since 2007? Initially priced at $499 for the first-generation model, Apple's pricing strategy has evolved with each new release. By 2020, the flagship models soared past $1,000, including the iPhone 12 Pro, but the introduction of budget-friendly options like the SE keeps consumers guessing about future price trends. Fast forward to 2022's pricing drop to $750! This shift reflects not only production costs but an increasingly competitive smartphone market. As newer models are released, prices of previous models often decrease, providing a great opportunity for savvy shoppers to snag a capable device at a lower price. Always keep an eye on your favorite retailers for seasonal sales and promotions!

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