To find the percent of change, you can use the following formula:
\[ \text{Percent of Change} = \left( \frac{\text{Original Price} - \text{New Price}}{\text{Original Price}} \right) \times 100 \]
In this case, the original price is $179.99 and the new price (sale price) is $119.99.
-
Calculate the difference between the original price and the new price: \[ \text{Difference} = 179.99 - 119.99 = 60.00 \]
-
Now plug the values into the formula: \[ \text{Percent of Change} = \left( \frac{60.00}{179.99} \right) \times 100 \]
-
Calculate the fraction: \[ \frac{60.00}{179.99} \approx 0.3334 \]
-
Now multiply by 100 to get the percentage: \[ 0.3334 \times 100 \approx 33.34 \]
Rounding this to the nearest whole percent, we get 33%.
So, the percent of change is 33%.