Ch. 1.3 | Percent of Change

Question 1

Percent of Change

Answer 1

Percent is frequently applied to change in value.

To find the percent of change, the following must be known:

1) The amount of change that has occurred
2) The original amount

The ratio 
(amount of change)/(original amount), expressed as a percent.

Question 2

Percent of Decrease

Answer 2

A measure of percent change; a loss of value

Question 3

Percent of Increase

Answer 3

A measure of percent change; a gain of value