Find the Percent change. Indicate whether it is an increase or a decrease. Round to the nearest percent. SOLVE AND SHOW WORK
25. Cindy bought a sweater for $40 that was priced the week before $50.
The original price is $50 and the new price is $40.
The percent change is calculated as follows:
percent change = [(new value - old value) / old value] x 100%
percent change = [(40 - 50) / 50] x 100%
percent change = (-10/50) x 100%
percent change = -0.2 x 100%
percent change = -20%
Therefore, the percent change is a decrease of 20%.