Jack bought a TV for $200, which he later sold for $175. How do you find the percent of change in the price of the TV?

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Jack bought a TV for $200, which he later sold for $175. How do you find the percent of change in the price of the TV?

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Answer 1 · 2017-01-09T21:46:00

See process for finding the percent change below.

Explanation:

The formula for find the change in value over time is:

$p = \frac{N - O}{O} \cdot 100$ $p = (N - O)/O * 100$

Where:

$p$ $p$ = percent change in value - what we are solving for
$N$ $N$ = the New Value - $175 for this problem
$O$ $O$ is the Old Value - $200 for this problem

Substituting the New Value and Old Value into the formula gives:

$p = (175 - 200) 200 \cdot 100$ $p = (175 - 200)200 * 100$

$p = - \frac{25}{200} \cdot 100$ $p = -25/200 * 100$

$p = - \frac{2500}{200}$ $p = -2500/200$

$p = - 12.5$ $p = -12.5$

There was a -12.5% change in the price or a 12.5% reduction.

Answer 2 · 2017-01-09T22:21:43

The percent change is $- 12.5 %$ $-12.5%$ , which is a percent decrease.

Explanation:

The percent of change is determined by subtracting the first price from the second price, then dividing by the first price times 100.

Difference

$($ 175 - 200) = (- $ 25)$ $($175-200)=(-$25)$

Percent change

$\frac{- $ 25}{$ 200} \times 100 = - 12.5 %$ $(-$25)/($200)xx100=-12.5%$

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Jack bought a TV for $200, which he later sold for $175. How do you find the percent of change in the price of the TV?

2 Answers

Explanation:

Explanation:

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