Question

Help please.

If the price of gold went from $460 an ounce to $483 an ounce in one week, write an equation to find the percent change in the price of gold. Then determine the percent change.

Answer 1

Basically divide the old one by the new one. So it would be 483/460 and then multiply by 100 and then subtract 100 from it.
So it would be:
(1.05 * 100) - 100
105 - 100
5%

Answer 2

percent change is (new-original)/original

Answer 3

It will still equal the same answer.

Answer 4

(483-460)/460 = 0.05 which is 5%