Calculating Percent Change
The problem: Find the percent change if a quantity changes from price to price . Round the answer to the nearest tenth of a percent when rounding is required.
a). = $20, = $27
b). = $1.89, = $1.56
Recall that the percent change is given by , where is the old price and is the new price.
For part a), the percent change is = = .35 = 35%.
For part b), the percent change, = = - .1746031746 = - 17.5% (to the nearest tenth).
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