Question

The regular price of a novel is $24.95. It is currently on sale for $14.97. Complete the proportion to determine the percent of change.(2 points)
Drop target 1
Drop target 2
Question 2
What is the percent of change in this situation?(1 point)

% Round the answer to the nearest whole percent.
Skip to navigation

Answer 1

To find the percent of change, we can set up the proportion using the following formula for percent change:

\[
\text{Percent Change} = \frac{\text{New Value} - \text{Old Value}}{\text{Old Value}} \times 100
\]

In this scenario:

- Old Value (regular price) = $24.95
- New Value (sale price) = $14.97

Let's calculate the percent change.

1. Calculate the difference:
\[
\text{Difference} = \text{New Value} - \text{Old Value} = 14.97 - 24.95 = -9.98
\]

2. Now, calculate the percent change:
\[
\text{Percent Change} = \frac{-9.98}{24.95} \times 100
\]

Calculating this gives us:
\[
\text{Percent Change} = \frac{-9.98}{24.95} \times 100 \approx -40.05
\]

Since we are looking for the absolute percent change (as a positive number), we take the absolute value:

\[
\text{Percent Change} \approx 40\%
\]

So, the percent of change is **40%**.