Work out the percentage change to 2 decimal places when £78.98 is increased to £100

Question

asked Jun 4, 2022 258 views

1 Answer

Pampy · Answer 1 · 2022-06-10T05:53:30+0000

Answer:

Percentage change = 26.61 %

Explanation:

Given

To determin

Percentage change = ?

Using the formula

Percentage change = (Final value - Initial value) / | Initial Vaue | × 100%

= (100 - 78.98) / 78.98 × 100%

= [21.02/78.98] × 100%

= 0.266143 × 100%

= 26.6143 %

Rounding off to 2 decimal places

= 26.61 %

Therefore,

Percentage change = 26.61 %