Question

Grady marks down some $4.59 pens to $4.09 for a week and then marks them back up to $4.59. Find the percent of increase and the percent of decrease to the nearest tenth. Are the percents of change the same for both price changes? If not, which is a greater change? Complete the explanation, and round your percents to the nearest tenth.

Answer 1

Answer:

Percentage decrease ( from $4.09 to $3.59) is 0.1% ( Rounded to nearest tenth)

Percentage increase (from $3.59 to 4.09) is 0.1% ( Rounded to nearest tenth)

Percentages are not same for the both price changes. As we can see from the calculations percentage change from $3.59 to $4.09 is higher.

Step-by-step explanation:

$4.59 has been changed to $4.09.

Percent change = [(Value after  - Value before) / Value before]*100

                          =$\frac{4.09-4.59}{4.59}*100$%

                          =$\frac{-0.5}{4.59}*100$%

                          =$-0.108932$%

                           =$-0.1$% ( Rounded to nearest tenth)

Percentage decrease is 0.1% ( Rounded to nearest tenth)

Now lets calculate the percentage change from $3.59 to $4.09.

Percent change = [(Value after  - Value before) / Value before]*100

                          =$\frac{4.59-4.09}{4.09}*100$%

                          =$\frac{0.5}{4.09}*100$%

                          =$0.122249$%

                           =$0.1$% ( Rounded to nearest tenth)

Percentage increase is 0.1% ( Rounded to nearest tenth)

Percentages are not same for the both price changes. As we can see from the calculations percentage change from $3.59 to $4.09 is higher.