Question

Find the absolute change and the percentage change for the given situation.

Answer 1

We have:

Value 1 = 118

Value 2 = 590

Then:

Absolute change

Use the formula given below

`\text{Absolute change = V}_2-V_1=590-118=472`

Percent change

Percentage change equals the change in value divided by the absolute value of the original value, multiplied by 100. This is:

`\begin{gathered} Percent\text{ change=}(V_2-V_1)/(\lvert V_1\rvert)*100=(590-118)/(\lvert118\rvert)*100 \\ =(472)/(118)*100=4*100=400 \end{gathered}`

Answer:

Absolute change = 472

Percent change = 400 % increase