Percent Change

Front

What is percent change?

Back

Percent change is a measure of how much a quantity has increased or decreased relative to its original value, expressed as a percentage.

Front

How do you calculate percent decrease?

Back

Percent decrease = ((Original Value - New Value) / Original Value) x 100.

Front

How do you calculate percent increase?

Back

Percent increase = ((New Value - Original Value) / Original Value) x 100.

Front

If a price decreases from $50 to $40, what is the percent decrease?

Back

Percent decrease = ((50 - 40) / 50) x 100 = 20%.

Front

If a price increases from $30 to $45, what is the percent increase?

Back

Percent increase = ((45 - 30) / 30) x 100 = 50%.

Front

What is a discount?

Back

A discount is a reduction in the original price of a product or service, often expressed as a percentage.

Front

If a shirt originally costs $20 and is on sale for $15, what is the discount percentage?

Back

Discount percentage = ((20 - 15) / 20) x 100 = 25%.

Front

What is the formula to find the final price after applying a discount?

Back

Final Price = Original Price - (Original Price x Discount Percentage).

Front

If a store has a 10% off sale on a $50 item, what is the final price?

Back

Final Price = 50 - (50 x 0.10) = $45.

Front

What is commission?

Back

Commission is a fee paid to an agent or salesperson, typically calculated as a percentage of the sales they generate.