Percent of Change & Unit Rate

Front

What is a markup in pricing?

Back

A markup is the amount added to the cost price of an item to determine its selling price, allowing the business to make a profit.

Front

How do you calculate the percent of change?

Back

Percent of change is calculated by taking the difference between the new value and the original value, dividing that difference by the original value, and then multiplying by 100.

Front

If a price increases from $100 to $125, what is the percent of change?

Back

The percent of change is 25%.

Front

What is a percent increase?

Back

A percent increase is the amount by which a value has increased, expressed as a percentage of the original value.

Front

How do you find the unit rate?

Back

The unit rate is found by dividing the quantity by the number of units, giving the amount per one unit.

Front

If Charles can type 675 words in 9 minutes, how many words can he type per minute?

Back

Charles can type 75 words per minute.

Front

What is the formula for calculating percent increase?

Back

Percent Increase = (New Value - Original Value) / Original Value * 100.

Front

If Ann's hourly wage increased from $10.00 to $12.00, what is the percent of change?

Back

The percent of change in Ann's hourly wage is 20%.

Front

What does it mean if a price has decreased?

Back

A price decrease means that the new price is lower than the original price, resulting in a negative percent change.

Front

What is the difference between markup and markdown?

Back

Markup is the amount added to the cost price to determine the selling price, while markdown is a reduction from the original selling price.