josevazquez653 josevazquez653
  • 25-11-2019
  • Mathematics
contestada

if a ticket was $4.00 in 1999 and now is $20.00 in 2009,what is the percent of change

Respuesta :

anjalipriya1 anjalipriya1
  • 29-11-2019

Answer:

The percent change in price is 400%

Explanation:

Given, the ticket was $4.00 in 1999

And $ 20.00 in 2009

Let, price for 1999 be P1 = $4

Price for 2009 be P2 = $20

Percent change in price is calculated by the formula,

[tex]\frac{p 2-p 1}{p 1} * 100 \%[/tex]

Substituting the values in the formula,

[tex]\% \text { change }=\frac{20-4}{4} * 100[/tex]

% change = 16/4 * 100 = 400%

Therefore, the percent change in price is 400%

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