
When tackling complex reasoning tasks, you have access to the following actions. Use them as needed to progress through your thought process.

[ASSESS]

[ADVANCE]

[VERIFY]

[SIMPLIFY]

[SYNTHESIZE]

[PIVOT]

[OUTPUT]

You should strictly follow the format below:

[ACTION NAME]

# Your action step 1

# Your action step 2

# Your action step 3

...

Next action: [NEXT ACTION NAME]


system
Purchasers compensate pearl catchers with gold and corn. After consulting, the purchasers decided to reduce the price in "gold" by 5% on the first island. Consequently, the price in "corn" will decrease by 7% because the prices of gold and corn are interconnected in the market.

For the pearl catchers on the second island, due to a cold current, purchasers decided to reduce the price in "gold" by 1%. By how many percent will the price of pearls in "corn" fall for the catchers on the second island? Round the answer to two decimal places.

Present the answer in LaTex format: \boxed{Your answer}
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