Percent Change Day 1:
Definition of Percent Change
 and the three easiest cases
Percent change is what we (and the media) use to
                     describe change.
 If the price of a share of ABC stock starts at $50 and
  goes up to $51, the amount of change is $1. The
  percent change is 2%.


 If the price of a share of XYZ stock starts at $100 and
  goes up to $101, the amount of change is still $1, but
  the percent change is 1%.



These are both a percent increase, but it could be
a percent decrease if the price goes down.
Introduction
 to Percent
   Change



In percent change situations, there are four numbers to pay
attention to:
    1. Original amount (the “old”/“starting” amount before the
       change)
    2. New amount (the “ending” amount after the change)
    3. Amount of change (the difference [subtract] between
       original and new)
    4. Percent change (percent increase or decrease).
Put the numbers in the chart to keep things straight.
Put the known numbers in the chart,
     then figure out the others.
Definition of Percent Change is
Percent change is used in almost
every aspect of life to describe change
    – and our world is changing!
The Three Easiest Cases
If you are given two of the first three numbers:
   1. Original amount (the amount before the change)
   2. New amount (the amount after the change)
   3. Amount of change (the difference)
   4. Percent change (percent increase or decrease).

You can easily find the third, by adding or subtracting.
Then find the percent change using the definition.
Examples:
 1. If the DKP membership last year was 200 and this year
    it is 188, what is the percent decrease?
               Step 1: Amount of change 200 188 12
                                        Amount of change
               Step 2: Percent change
                                         Original amount
                                 12
                Percent change         .06 6% decrease
                                 200
Examples:
 2. If in March the cost of a gallon of gasoline is
    $5.10, which is 30 cents higher than February, what is
    the percent increase?
            Step 1: Find the original (Feb.) price 5.10 .30 4.80
                                     Amount of change
            Step 2: Percent change
                                      Original amount
                             .30
            Percent change           .0625 6.25% increase
                             4.80
Examples:
 3. If the current number of baseball games shown on
    SPNU network is 80 and next year they plan to offer
    26 more, what is the percent increase?
             You have what you need. Just do it.
                                        Amount of change
             Step 1: Percent change
                                         Original amount
                              26
             Percent change           .325 32.5% increase
                              80
Closing Notes
 Remember 
Stay tuned…
Three more Tweets/Days will
follow, with more information on
percent change.
Learnist board: http://bit.ly/13AGhZq

Percent Change Day 1: Definition of percent change

  • 1.
    Percent Change Day1: Definition of Percent Change and the three easiest cases
  • 2.
    Percent change iswhat we (and the media) use to describe change.  If the price of a share of ABC stock starts at $50 and goes up to $51, the amount of change is $1. The percent change is 2%.  If the price of a share of XYZ stock starts at $100 and goes up to $101, the amount of change is still $1, but the percent change is 1%. These are both a percent increase, but it could be a percent decrease if the price goes down.
  • 3.
    Introduction to Percent Change In percent change situations, there are four numbers to pay attention to: 1. Original amount (the “old”/“starting” amount before the change) 2. New amount (the “ending” amount after the change) 3. Amount of change (the difference [subtract] between original and new) 4. Percent change (percent increase or decrease). Put the numbers in the chart to keep things straight.
  • 4.
    Put the knownnumbers in the chart, then figure out the others.
  • 5.
  • 6.
    Percent change isused in almost every aspect of life to describe change – and our world is changing!
  • 7.
    The Three EasiestCases If you are given two of the first three numbers: 1. Original amount (the amount before the change) 2. New amount (the amount after the change) 3. Amount of change (the difference) 4. Percent change (percent increase or decrease). You can easily find the third, by adding or subtracting. Then find the percent change using the definition.
  • 8.
    Examples: 1. Ifthe DKP membership last year was 200 and this year it is 188, what is the percent decrease? Step 1: Amount of change 200 188 12 Amount of change Step 2: Percent change Original amount 12 Percent change .06 6% decrease 200
  • 9.
    Examples: 2. Ifin March the cost of a gallon of gasoline is $5.10, which is 30 cents higher than February, what is the percent increase? Step 1: Find the original (Feb.) price 5.10 .30 4.80 Amount of change Step 2: Percent change Original amount .30 Percent change .0625 6.25% increase 4.80
  • 10.
    Examples: 3. Ifthe current number of baseball games shown on SPNU network is 80 and next year they plan to offer 26 more, what is the percent increase? You have what you need. Just do it. Amount of change Step 1: Percent change Original amount 26 Percent change .325 32.5% increase 80
  • 11.
  • 12.
    Stay tuned… Three moreTweets/Days will follow, with more information on percent change. Learnist board: http://bit.ly/13AGhZq