Solution:
1. Identify the values:
- Original value: USD997.58
- Percentage decrease: 15%
2. Convert the percentage decrease to a decimal:
- Decimal equivalent = 15% = \frac{15}{100} = 0.15
3. Calculate the decrease amount:
- Decrease amount = Original value \times Decimal equivalent
- Decrease amount = USD997.58 \times 0.15 = 149.637
4. Calculate the new amount after the decrease:
- New amount = Original value - Decrease amount
- New amount = USD997.58 - 149.637 = 847.943