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What is the percent of change from 400,000400,000 to 700,000700,000?\newlineChoices:\newline(A) 75%75\% decrease\newline(B) 75%75\% increase\newline(C) 67%67\% decrease\newline(D) 67%67\% increase

Full solution

Q. What is the percent of change from 400,000400,000 to 700,000700,000?\newlineChoices:\newline(A) 75%75\% decrease\newline(B) 75%75\% increase\newline(C) 67%67\% decrease\newline(D) 67%67\% increase
  1. Calculate Difference: Step 11: Calculate the difference between the final and initial values.\newlineInitial value: 400,000400,000\newlineFinal value: 700,000700,000\newlineDifference = Final value - Initial value = 700,000400,000=300,000700,000 - 400,000 = 300,000
  2. Calculate Percent Change: Step 22: Calculate the percent of change.\newlineOriginal amount: 400,000400,000\newlineAmount of change: 300,000300,000\newlinePercent of change = (Amount of change/Original amount)×100%(\text{Amount of change} / \text{Original amount}) \times 100\%\newlinePercent of change = (300,000/400,000)×100%=0.75×100%=75%(300,000 / 400,000) \times 100\% = 0.75 \times 100\% = 75\%
  3. Determine Increase or Decrease: Step 33: Determine if it's an increase or decrease.\newlineSince the value increased from 400,000400,000 to 700,000700,000, it's an increase.