Question

Grady marks down some $2.49 pens to $1.99 for a week and then marks them back up to $2.49. Find the percent of increase and the percent of decrease to the nearest tenth. Are the percent of change the same for both price changes? If not, which is a greater change?

Please, need answer in 5 minutes

Answer 1

2.49-1.99= 0.5

0.5 divided by2.49 times 100 is about 20% decrease

1.99-2.49+0.5 also so it is also a 25 percent increase

Explanation:

Answer 2

The percent decrease is found by using the formula (original price - new price)/(original price). The percent decrease is then (2.49 - 1.99)/2.49 = 0.20 = 20%. A percent increase is found by using the formula (new price - original price)/(original price). The percent increase is then (2.49 - 1.99)/1.99 = 0.25 = 25%. The percents of change are not the same. The percent increase is greater.