Question

If a ticket was $4.00 in 1999 and now is $20.00 in 2009,what is the percent of change

Answer 1

The percent change in price is 400%

Step-by-step explanation:

Given, the ticket was $4.00 in 1999

And $ 20.00 in 2009

Let, price for 1999 be P1 = $4

Price for 2009 be P2 = $20

Percent change in price is calculated by the formula,

`(p 2-p 1)/(p 1) * 100 \%`

Substituting the values in the formula,

`\% \text { change }=(20-4)/(4) * 100`

% change = 16/4 * 100 = 400%

Therefore, the percent change in price is 400%