QUESTION IMAGE
Question
calculate the percent change in the electricity bill from august to september.
| expense | august | september |
|---|---|---|
| water | $48.00 | $36.00 |
| groceries | $150.00 | $165.00 |
| restaurant | $80.00 | $96.00 |
round to the nearest whole percent.
Step1: Identify old and new values
Old value (August electricity bill) = $100, new value (September electricity bill) = $120.
Step2: Use percent - change formula
Percent change = $\frac{\text{New value}-\text{Old value}}{\text{Old value}}\times100\%=\frac{120 - 100}{100}\times100\%$.
Step3: Calculate the numerator
$120−100 = 20$.
Step4: Calculate the fraction and multiply by 100%
$\frac{20}{100}\times100\%=20\%$.
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