Question

A bike store purchases bikes for $250 and sells for $625. what equation shows percent of change?​

Answer 1

The equation which shows change of percent is :
`(375)/(250 )  * 100`

Explanation:

The cost price of the bike = $250

The selling price of the bike = $625

Now, total Profit on the bike = Selling Price - Cost Price

= $625 - $250 = $375

So, the total profit on bike = $375 =Change in the price of bike

Now, to calculate percent of change :

`\textrm{Percent of Change} =  \frac{\textrm{Total Change in Price}}{\textrm{Initial Cost price}} * 100`

=
`(375)/(250 )  * 100 = 150%`

Hence, the change of percent here is 150%

and the equation which shows it is :
`(375)/(250 )  * 100`