Percent Change and Increase Problems

Front

What is percent change?

Back

Percent change is a way to express a change in a quantity as a percentage of the original amount. It is calculated using the formula: ((New Value - Original Value) / Original Value) x 100.

Front

How do you calculate percent decrease?

Back

To calculate percent decrease, use the formula: ((Original Value - New Value) / Original Value) x 100.

Front

How do you calculate percent increase?

Back

To calculate percent increase, use the formula: ((New Value - Original Value) / Original Value) x 100.

Front

If a product's price increases from $50 to $65, what is the percent increase?

Back

The percent increase is 30%.

Front

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

Back

The percent decrease is 25%.

Front

What is a markup?

Back

Markup is the amount added to the cost price of goods to cover overhead and profit. It is often expressed as a percentage of the cost price.

Front

If a coat costs $50 and is sold for $80, what is the markup percentage?

Back

The markup percentage is 60%.

Front

What is net worth?

Back

Net worth is the total value of an individual's assets minus their liabilities.

Front

If Jane has assets of $8,794 and liabilities of $5,292, what is her net worth?

Back

Jane's net worth is $3,502.

Front

What is the formula for calculating net worth?

Back

Net Worth = Total Assets - Total Liabilities.