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What is the percent of change from 500,000500,000 to 50,00050,000?\newlineChoices:\newline(A) 112%112\% increase\newline(B) 112%112\% decrease\newline(C) 90%90\% increase\newline(D) 90%90\% decrease

Full solution

Q. What is the percent of change from 500,000500,000 to 50,00050,000?\newlineChoices:\newline(A) 112%112\% increase\newline(B) 112%112\% decrease\newline(C) 90%90\% increase\newline(D) 90%90\% decrease
  1. Calculate Difference: Calculate the difference between the initial and final values.\newline500,00050,000=450,000500,000 - 50,000 = 450,000\newlineAmount of change is 450,000450,000.
  2. Calculate Percent Change: Calculate the percent of change using the formula: (Amount of change/Original amount)×100%(\text{Amount of change} / \text{Original amount}) \times 100\%.450,000500,000×100%=90%\frac{450,000}{500,000} \times 100\% = 90\%
  3. Determine Increase or Decrease: Determine if it's an increase or decrease.\newlineSince the value decreased from 500,000500,000 to 50,00050,000, it's a decrease.