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A price changes from $35 to $60. What is the percent change? Round your answer to the nearest whole percent. State whether it is an increase or a decrease.

a) 42% increase
b) 42% decrease
c) 71% increase
d) 71% decrease

1 Answer

3 votes

Final answer:

The percent change when the price changes from $35 to $60 is a 71% increase after rounding to the nearest whole percent, making the correct answer c) 71% increase.

Step-by-step explanation:

To calculate the percent change when a price changes from $35 to $60, we use the formula:

Percentage Change = (Change in Price / Original Price) x 100%

In this case, the change in price is $60 - $35 = $25. The original price is $35.

Thus, the percentage change is: ($25 / $35) x 100% = 0.7142... x 100% ≈ 71.4%.

Rounded to the nearest whole percent, the answer is approximately 71%. Since the price went up from $35 to $60, it is an increase. Therefore, the correct answer is c) 71% increase.

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