Algebra U2 L6 Percent Change

What is percent change?

• A measure that describes the degree of change over time, expressed as a percentage.

• A measure that describes the total amount of change over time, expressed as a fraction.

• A measure that describes the degree of change over time, expressed as a decimal.

• A measure that describes the total amount of change over time, expressed as a percentage.

What is the formula used to calculate percent change?

• (New Value - Base Value) / Base Value × 100%

• (Base Value - New Value) / Base Value × 100%

• (New Value + Base Value) / Base Value × 100%

• (Base Value + New Value) / Base Value × 100%

What is the term for the amount added to the cost price of goods to cover overhead and profit, calculated as a percentage of the cost price?

• Tax

• Markup

• Discount

• Proportion

What is the term for a reduction in the usual price of an item, calculated as a percentage of the original price?

• Increase

• Tax

• Discount

• Profit Margin

What is the term for an additional charge imposed by the government on goods and services, calculated as a percentage of the sale price?

• Sales Tax

• Proportion

• Absolute Change

• Relative Change

What is the term for the difference between the selling price and the cost price of an item, expressed as a percentage of the selling price?

• Profit Margin

• Sales Tax

• Tax

• Increase

If the price of a product increases from $50 to $60, what is the percent change?

• 10%

• 20%

• 30%

• 40%

If a population decreases from 5000 to 4500, what is the percent decrease?

• 5%

• 10%

• 15%

• 20%

A store buys a product for $30 and sells it for $45. What is the markup percentage?

• 25%

• 33%

• 50%

• 60%

If a store offers a 20% discount on a $45 product, what is the discounted price?

• $36

• $40

• $42

• $44