Learn Before
Example: Finding the Percent Increase in Deductible Mileage
Apply the process for finding percent change to a real-world scenario. Problem: In 2011, the IRS increased the deductible mileage cost to cents from cents. Find the percent change, rounded to the nearest tenth of a percent. 1. Find the amount of change: Subtract the original amount from the new amount: . 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 and round to the nearest tenth: . The percent change is an increase.
0
1
Tags
OpenStax
Intermediate Algebra @ OpenStax
Ch.2 Solving Linear Equations - Intermediate Algebra @ OpenStax
Algebra
Related
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
The accounting department of a local firm is updating its travel policy after the IRS increased the deductible mileage rate from 51 cents to 55.5 cents per mile. After calculating that the amount of change is 4.5 cents, a clerk needs to find the percent increase (). Which equation correctly represents the translation of the question '4.5 is what percent of 51?' to solve for this increase?
An HR administrator is updating an expense report template to reflect a recent increase in the company's deductible mileage rate from 51 cents to 55.5 cents per mile. To accurately document this change for the finance department, they must calculate the percent increase. Arrange the procedural steps the administrator must follow to find this percent change in the correct order.
An office manager is updating the company's travel reimbursement policy after the 2011 IRS mileage rate change. The rate increased from cents to cents, resulting in an approximate increase. Match each numerical value from this scenario to its specific role in the percent increase calculation.
A payroll specialist is updating the company's travel policy following the 2011 IRS mileage rate increase from 51 cents to 55.5 cents per mile. True or False: To find the percent increase, the specialist should divide the 4.5 cent change by the original rate of 51 cents.
Historical IRS Mileage Rate Documentation