what is the percent of change from $48.50 to $38.80
20% Decrease
($38.80 - $48.50)/$48.50 = ?
it is in fact a 20% increase
To calculate the percent of change from $48.50 to $38.80, you can follow these steps:
1. Find the difference between the two values: $48.50 - $38.80 = $9.70
2. Divide the difference by the original value: $9.70 / $48.50 = 0.20
3. Multiply by 100 to convert the decimal to a percentage: 0.20 * 100 = 20%
Therefore, the percent of change from $48.50 to $38.80 is a decrease of 20%.