Percent Increase and Decrease

Front

What is the formula to calculate percent change?

Back

Percent Change = ((New Value - Old Value) / Old Value) * 100

Front

If a price decreases from $80 to $60, what is the percent decrease?

Back

25% decrease

Front

What does a percent increase indicate in a financial context?

Back

A percent increase indicates that the value has grown compared to its previous amount.

Front

How do you determine if a scenario represents a percent increase or decrease?

Back

Compare the old value to the new value; if the new value is greater, it's an increase; if it's less, it's a decrease.

Front

What is the percent change if a stock price goes from $100 to $120?

Back

20% increase

Front

What does the term 'drop' imply in terms of percent change?

Back

The term 'drop' implies a decrease in value.

Front

If an item originally costs $50 and is now $30, what is the percent decrease?

Back

40% decrease

Front

What is the significance of rounding in percent change calculations?

Back

Rounding helps simplify the result, making it easier to interpret, especially in financial contexts.

Front

If a student scores 80 out of 100 on a test, what is the percent score?

Back

80% (This is not a change but illustrates the concept of percent.)

Front

What is the percent change when a population increases from 1,000 to 1,200?

Back

20% increase