Answer:
The percent decrease was 20%
Step-by-step explanation:
In order to find this, use the percent change equation.
(New - Old)/(Old) * 100 = % Change
Now input 48 for the New price and 60 for the Old price.
(48 - 60)/(60) * 100 = % Change
12/60 * 100 = % Change
.2 * 100 = % Change
20 = % Change