Percent Change (Example)

The video tutorial explains how to calculate the percent change in price using a baseball cap as an example. Initially priced at $20, the cap was marked down to $14. The tutorial demonstrates that this is a percent decrease and walks through the calculation process: subtracting the new price from the original, dividing the difference by the original price, and converting the result to a percentage. The final result shows a 30% decrease in price.

What was the original price of the baseball cap before it was marked down?

• $25

• $20

• $14

• $10

What is the new price of the baseball cap after the markdown?

• $14

• $10

• $18

• $20

What type of percent change occurs when the price of an item decreases?

• Percent markup

• Percent increase

• No change

• Percent decrease

How much did the price of the baseball cap decrease by?

• $7

• $4

• $6

• $5

What is the percent decrease in the price of the baseball cap?

• 35%

• 25%

• 20%

• 30%