# Jack bought a TV for $200, which he later sold for $175. How do you find the percent of change in the price of the TV?

##### 2 Answers

Jan 9, 2017

See process for finding the percent change below.

#### Explanation:

The formula for find the change in value over time is:

Where:

Substituting the New Value and Old Value into the formula gives:

There was a -12.5% change in the price or a 12.5% reduction.

Jan 9, 2017

The percent change is

#### Explanation:

The percent of change is determined by subtracting the first price from the second price, then dividing by the first price times 100.

**Difference**

**Percent change**