A store owner orders 25 calculator that cost $38.00 each. The store owner can sell each calculator for $50. The store owner sold
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The percent error is 25 %
<em><u>Solution:</u></em>
Given that it is estimated that there are 50 students in the seventh grade class, but there are actually 40
<em><u>To find: percent error</u></em>
Percent error is the difference between a measured and known value, divided by the known value, multiplied by 100%
<em><u>The formula for percent error is given as:</u></em>
Here, exact value = 40 and approximate value or estimated value = 50
Substituting the values in above formula,
Thus the percent error is 25 %