Find the percent of increase or decrease. Round your answer to the nearest percent.
Original Amount: $6.50, New Amount: $11.50, Percent of Change: ___%
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$11.50 - $6.50 = $5.00
$5.00/$6.50 = 0.769231
0.769231 * 100 = 76.92308% of increase
To find the percent of increase or decrease, we can use the following formula:
Percent Change = (New Amount - Original Amount) / Original Amount * 100
In this case, the Original Amount is $6.50 and the New Amount is $11.50.
Using the formula, we can calculate the Percent Change:
Percent Change = ($11.50 - $6.50) / $6.50 * 100
Percent Change = $5.00 / $6.50 * 100
Percent Change = 0.7692 * 100
Percent Change = 76.92
Rounding to the nearest percent, the Percent of Change is approximately 77%.