Question

Jasmine had $120,000 last year.

This year she has $50,000.
What is the percentage
difference?
[?]%
(Round your answer to the nearest percent.)
Enter

Answer 1

`\approx58\%`

Explanation:

• Initial amount = $120,000

• Final amount = $50,000

• Difference in amount = 120,000 - 50,000 = $70,000

• Difference percentage
  `=(70,000* 100)/(120,000)`

• Difference percentage =58.33%

• Difference percentage
  `\approx58\%`