Marvin's car payment went from $360 to $240. this was a decrease of what percent?

Original payment = $360

New payment = $240

Percentage decrease in payment = (Old payment - New payment) Old payment * 100

Percentage decrease in payment = (360-240)/360 *100

Percentage decrease in payment = 120/360*100

Percentage decrease in payment = 1/3 *100 = 33.33%

Percentage decrease in payment =33.33%

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