Percentage Increase and Decrease A percentage increase is when the original value increases by a certain percentage. For example, if a shirt costs $20 a...
Percentage Increase and Decrease
A percentage increase is when the original value increases by a certain percentage. For example, if a shirt costs 22. The percentage increase would be 10%.
Similarly, a percentage decrease is when the original value decreases by a certain percentage. For example, if a shirt costs 18. The percentage decrease would be 5%.
It is important to note that percentage changes can be negative. For example, if a shirt costs 18, which is a decrease of 2%.
Percentage increases and decreases are often used together to create a clear picture of change. For example, if a company's revenue increases by 10% and its expenses increase by 15%, the company's profit would increase by 5%.
Here are some examples of percentage increase and decrease questions:
If a shirt costs $20 and is marked up by 10%, what is the new price?
If a shirt costs $20 and is marked down by 5%, what is the new price?
If a company's revenue increases by 10% and its expenses increase by 15%, what is the company's profit?