To determine the percent of change, we can use the formula for percent change, which is given by:
\[ \text{Percent Change} = \frac{\text{New Value} - \text{Old Value}}{\text{Old Value}} \times 100 \]
In this case, the old value is the cost of producing the device ($558) and the new value is the selling price ($1499).
- Calculate the change:
\[ \text{Change} = 1499 - 558 = 941 \]
- Calculate the percent change:
\[ \text{Percent Change} = \frac{941}{558} \times 100 \]
\[ \text{Percent Change} \approx 1.684 \times 100 \approx 168.42% \]
- Rounding to the nearest whole percent:
The percent of change is approximately 168%.
Answers:
- Drop target 1: 941
- Drop target 2: 168% (Rounded to the nearest whole percent)