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 increase?

Back

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

Front

How do you calculate percent decrease?

Back

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

Front

If a price increases from $50 to $75, what is the percent increase?

Back

Percent increase = ((75 - 50) / 50) x 100 = 50%.

Front

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

Back

Percent decrease = ((80 - 60) / 80) x 100 = 25%.

Front

What is a markup?

Back

Markup is the amount added to the cost price of goods to cover overhead and profit.

Front

If a store buys a shirt for $20 and marks it up by 50%, what is the retail price?

Back

Retail price = Cost + (Markup Percentage x Cost) = 20 + (0.50 x 20) = $30.

Front

What is a discount?

Back

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

Front

If a jacket costs $100 and is on sale for 20% off, what is the sale price?

Back

Sale price = Original Price - (Discount Percentage x Original Price) = 100 - (0.20 x 100) = $80.

Front

What is the formula for calculating the final price after a discount?

Back

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