Understanding Percent Change in Real-Life Scenarios

What is the term used to describe the increase in the price of goods over time?

• Appreciation

• Deflation

• Depreciation

• Inflation

Which of the following is an example of a percent decrease?

• A product's price rising due to demand

• A population growing

• A car losing value over time

• A bank increasing interest rates

If a product is on sale, what type of percent change does it represent?

• Percent increase

• Percent inflation

• Percent decrease

• No change

How do you calculate the discounted price of an item?

• Multiply the original price by the discount percentage

• Subtract the discount percentage from the original price

• Add the discount percentage to the original price

• Divide the original price by the discount percentage

In the example problem, what is the final price Kelly pays for the video game?

• $32.74

• $30.60

• $36.00

• $34.00