\( \begin{array}{l} \text { Example: } 188 \text { meters to } 42 \text { meters } \\ \text { percent change }=\frac{188-42}{188}=\frac{146}{188} \\ x=\frac{146}{100} \\ \frac{188 x}{188}=\frac{14600}{188} \\ x=77 \\ \text { Answer: } 77.7 \% \text { decrease }\end{array} \)
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Beyond the Answer
Did you know that percent change is often used in economics to measure inflation or track changes in stock prices? This metric helps investors and business owners understand market trends, and it plays a vital role in making informed decisions. Many of your favorite brands probably use percent change in their marketing to show how much better their new product is compared to the old one! When calculating percent change, common pitfalls include forgetting to take the absolute difference, or misplacing parentheses in your calculations. Ensuring you’re clear on which number represents the original value is essential; if you mistakenly use the new value instead, your result could be way off! Stay mindful of these details, and you’ll be a percent change pro in no time!
