Question
What is the mathematical operation required to determine the percent of change in the price of the novel?
Answers
GPT-4o mini
To determine the percent of change in the price of a novel (or any item), you can follow these steps:
1. **Identify the original price (Old Price)** and the new price (New Price).
2. **Calculate the change in price** by subtracting the old price from the new price:
\[
\text{Change in Price} = \text{New Price} - \text{Old Price}
\]
3. **Calculate the percent of change** using the formula:
\[
\text{Percent of Change} = \left(\frac{\text{Change in Price}}{\text{Old Price}}\right) \times 100
\]
4. **Interpret the result**: A positive value indicates an increase, while a negative value indicates a decrease in price.
This will give you the percent change in the price of the novel.
1. **Identify the original price (Old Price)** and the new price (New Price).
2. **Calculate the change in price** by subtracting the old price from the new price:
\[
\text{Change in Price} = \text{New Price} - \text{Old Price}
\]
3. **Calculate the percent of change** using the formula:
\[
\text{Percent of Change} = \left(\frac{\text{Change in Price}}{\text{Old Price}}\right) \times 100
\]
4. **Interpret the result**: A positive value indicates an increase, while a negative value indicates a decrease in price.
This will give you the percent change in the price of the novel.