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 is the absolute value of the decrease in price?

What percent decrease does the price of the hat represent?