Question

What is the percent of change if the price changes from $150 to $100? Round to the nearest whole percent if necessary.

Answer 1

Percentual change= 33.33% decrease

Explanation:

Giving the following information:

Present value (PV)= $150

Future value (FV)= $100

To calculate the percentual change, we need to use the following formula:

Percentual change= [(PV - FV) / PV]*100

Percentual change= [(150 - 100) / 150]*1''

Percentual change= 0.3333*100

Percentual change= 33.33% decrease