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?
See process for finding the percent change below.
The formula for find the change in value over time is:
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.
The percent change is
The percent of change is determined by subtracting the first price from the second price, then dividing by the first price times 100.