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What is the percent of change from 800,000800,000 to 1,000,0001,000,000?\newlineChoices:\newline(A) 20%20\% increase\newline(B) 25%25\% decrease\newline(C) 25%25\% increase\newline(D) 20%20\% decrease

Full solution

Q. What is the percent of change from 800,000800,000 to 1,000,0001,000,000?\newlineChoices:\newline(A) 20%20\% increase\newline(B) 25%25\% decrease\newline(C) 25%25\% increase\newline(D) 20%20\% decrease
  1. Calculate Difference: Calculate the difference between the final value and the initial value.\newlineDifference = 1,000,000800,000=200,0001,000,000 - 800,000 = 200,000.
  2. Determine Percent of Change: Determine the percent of change using the formula: (Amount of change/Original amount)×100%(\text{Amount of change} / \text{Original amount}) \times 100\%.\newlinePercent of change = (200,000/800,000)×100%(200,000 / 800,000) \times 100\% = 25%25\%.
  3. Identify Increase: Identify if it's an increase or a decrease. Since the value went up from 800,000800,000 to 1,000,0001,000,000, it's an increase.