Percent Increase & Decrease

Front

What is percent increase?

Back

Percent increase is a measure of how much a quantity has grown relative to its original amount, expressed as a percentage.

Front

What is percent decrease?

Back

Percent decrease is a measure of how much a quantity has shrunk relative to its original amount, expressed as a percentage.

Front

How do you calculate percent increase?

Back

Percent Increase = ((New Value - Original Value) / Original Value) x 100.

Front

How do you calculate percent decrease?

Back

Percent Decrease = ((Original Value - New Value) / Original Value) x 100.

Front

If a bill is $50 and you leave a 15% tip, what is the total amount?

Back

Total Amount = $50 + ($50 x 0.15) = $57.50.

Front

What is the formula for calculating the final price after a percent increase?

Back

Final Price = Original Price + (Original Price x Percent Increase).

Front

What is the formula for calculating the final price after a percent decrease?

Back

Final Price = Original Price - (Original Price x Percent Decrease).

Front

If a product costs $80 and is on sale for $60, what is the percent decrease?

Back

Percent Decrease = (($80 - $60) / $80) x 100 = 25%.

Front

What is a markup?

Back

Markup is the amount added to the cost price of goods to cover overhead and profit.

Front

If an item costs $20 and has a markup of 25%, what is the selling price?

Back

Selling Price = $20 + ($20 x 0.25) = $25.