After washing, the width of the bedspread has decreased by 0.5% and its length by 1%.

After washing, the width of the bedspread has decreased by 0.5% and its length by 1%. By what percentage the area of the bedspread has decreased.

Originally, the length was 1 piece and the width was 1 piece. Accordingly, the area of the bedspread was also equal to the 1st part.
1) 1 * 1 = 1
2) 1 – 0.5% / 100% = 1 – 0.005 = 0.995 (part) of the original became equal to the width after washing.
3) 1 – 1% / 100% = 1 – 0.01 = 0.99 (part) of the original became equal to the length after washing.
4) 0.995 * 0.99 = 0.98505 (part) of the original became equal to the area of the bedspread after washing.
5) (1 – 0.98505) * 100% = 0.01495 * 100% = 1.495 (%) the area of the cover has decreased.
Answer: 1.495%.