Percent Increase and Decrease

Front

What is the formula to calculate percent increase?

Back

Percent Increase = ((New Value - Old Value) / Old Value) * 100

Front

What is the formula to calculate percent decrease?

Back

Percent Decrease = ((Old Value - New Value) / Old Value) * 100

Front

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

Back

20%

Front

If a price decreases from $25 to $15, what is the percent decrease?

Back

40%

Front

If a bank account balance decreases from $2,251 to $1,975, what is the percent decrease?

Back

12%

Front

If attendance at a festival increases from 2,376 to 2,950, what is the percent increase?

Back

24%

Front

What does a percent increase indicate about a value?

Back

It indicates that the value has grown compared to its previous amount.

Front

What does a percent decrease indicate about a value?

Back

It indicates that the value has shrunk compared to its previous amount.

Front

How do you interpret a percent change of 0%?

Back

It indicates that there has been no change in value.

Front

What is the significance of rounding in percent change calculations?

Back

Rounding is used to simplify the result, especially when dealing with percentages.