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Example: Finding the Percent Increase in Bus Fare
Apply the process for finding percent change to a real-world scenario. Problem: In 1995, the standard bus fare in Chicago was $. In 2008, the standard bus fare was $. Find the percent change, rounded to the nearest tenth of a percent. 1. Find the amount of change: Subtract the original fare from the new fare: . 2. Find the percent: The amount of change is what percent of the original amount? Let = the percent. Translate " is what percent of ?" into the equation: . 3. Solve: Divide both sides by to get . 4. Convert to percent form: . The percent change is a increase.
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Ch.2 Solving Linear Equations - Intermediate Algebra @ OpenStax
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Example: Finding the Percent Increase in Deductible Mileage
Example: Finding the Percent Increase in Bus Fare
A department manager is analyzing quarterly budget fluctuations. To report these changes as a 'percent change,' arrange the following steps of the standard procedure in the correct order.
An inventory specialist is calculating the percent change in warehouse stock levels from the beginning of the month to the end of the month. According to the standard two-step procedure for percent change, after finding the absolute amount of change, what must the specialist compare this change to in order to find the final percentage?
A logistics coordinator is tracking monthly fluctuations in shipping expenses. Match each component of the percent change calculation with its correct definition or role in the two-step procedure.
Calculating the Absolute Amount of Change
Procedure for Calculating Percent Change
Learn After
A municipal budget analyst is preparing a report on historical transit costs. The standard bus fare increased from in 1995 to in 2008. To determine the percentage increase for the report, the analyst must follow a specific sequence of calculations. Arrange the steps below in the correct order to solve for the percent change.
A municipal budget analyst is reviewing historical transit data for a report. According to the Chicago transit study, the standard bus fare rose from in 1995 to in 2008. What was the specific percent increase determined for this period?
A municipal budget analyst is verifying a historical report on Chicago transit costs. Based on the study of bus fare changes between 1995 and 2008, match each component of the percent change calculation with its corresponding value.
In a municipal audit of transit records, a clerk is verifying a report stating that the standard bus fare rose from in 1995 to in 2008. True or False: This change represents a increase.
Calculating the Amount of Fare Change