Q. What is the percent of change from 400,000 to 700,000?Choices:(A) 75% decrease(B) 75% increase(C) 67% decrease(D) 67% increase
Calculate Difference: Step 1: Calculate the difference between the final and initial values.Initial value: 400,000Final value: 700,000Difference = Final value - Initial value = 700,000−400,000=300,000
Calculate Percent Change: Step 2: Calculate the percent of change.Original amount: 400,000Amount of change: 300,000Percent of change = (Amount of change/Original amount)×100%Percent of change = (300,000/400,000)×100%=0.75×100%=75%
Determine Increase or Decrease: Step 3: Determine if it's an increase or decrease.Since the value increased from 400,000 to 700,000, it's an increase.