Answered

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A pair of Jordans sold at retail for $180 and now sell for $330 after market. A. Is this a percent INCREASE or DECREASE, what is the PERCENT change?

Sagot :

Ashraf82idn

Answer:

This is a percent INCREASE

The percent change is 83.33%

Step-by-step explanation:

Let us solve the question

∵ A pair of Jordans sold at retail for $180

∴ The initial price = 180

∵ Now it sells for $330 aftermarket

∴ The new price = 330

→ That means the new price is greater than the initial price

∵ The new price is greater than the initial price

∴ This is a percent INCREASE

∵ The percent of change = (amount of increase ÷ initial amount) × 100%

∵ The amount of increase = new price - initial price

∴ The amount of increase = 330 - 180 = 150

→ Substitute it in the rule of percent of increase above

∵ The percent change = [tex]\frac{150}{180}[/tex] × 100%

∴ The percent change = [tex]\frac{5}{6}[/tex] × 100%

∴ The percent change = 83.33%

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