Subtract the lower price from the higher one. Divide the difference by the original price. Multiply the answer by 100.
Example: 15 dollars decreased to 12 dollars.
15 - 12 = 3
3/15 = 0.20 = 20 percent decrease
Example: 12 dollars increased to 15 dollars.
15 - 12 = 3
3/12 = 0.25 = 25 percent increase
Elastic
find cost price if selling price =600 and profit=20%
The discount value is $11.99 and the sale price is $67.99
there will be a gain of 16.562 percent.
If the elasticity of demand for cereal is 1, this indicates unitary elasticity, meaning that the percentage change in quantity demanded will equal the percentage change in price. Therefore, if the price of cereal increases by 25 percent, the quantity demanded will decrease by 25 percent.
You have to do the following calculation: Old-new=change 13.99-12.99=1 change/old*100=±7
in equilibrium
Percent means "hundredths". To get 10% of a price, multiply the price by 10/100.
Unit elastic
Elastic
When the percentage change in price is equal to the percentage change in quantity demanded then demand is said to be unit elastic. There are 3 kinds of price elasticity of demand.
+16.85%
Multiplied the price by the percentage and divided the answer by 100.
(Selling Price - Cost price)/Selling Price * 100
find cost price if selling price =600 and profit=20%
if p is the percent increase, multiply the old price by (1+p) to get the new increased price.
find the selling price of an item listed at $400 subject to a discounted series 25 percent 10 percent and 5 percent