Unit 2 – L 2

Percent Change
Percent change is used to express an increase or decrease in a quantity compared to its initial
value.
Examples of percent change:
Change in the value of a company - Company has grown by: 140% − 100% = 40%

Company has diminished by: 100% − 80% = 20%

To calculate %C: % C = Increase or Decrease  100%

Initial Value

Final Value − Initial Value

%C =  100%
Initial Value

V f − Vi
%C =  100%
Vi

ex1 $12,000 increased by what percent is $15,000?

V − Vi
%C = f  100% OR
Vi

ex2 $500 increased by what percent is $800? ex3 $150 decreased by what percent is $120?
V − Vi V − Vi
%C = f  100% %C = f  100%
Vi Vi

OR OR
ex4 If a $15 hourly rate of pay is increased by 20%, find the new hourly rate. What is the amount of
increase?

Vf = Vi (1 ± %C)

ex5 What amount decreased by 20% is $200? What is the amount of decrease?
Vf = Vi (1 ± %C)

Amount of decrease =

ex6 If a temperature of 10°C rose by 12%, then falls by 12%, by what percent did the final temperature
increase or decrease from the inital temperature of 10°C?
OR
After the increase:
Vf = Vi (1 ± %C)

After the decrease:

Vf = Vi (1 ± %C)

The final temperature from the initial temperature.