The quantity reported an equivalent net percentage change of 28 percent.
In this problem we must determine the simple percentage change equivalent to two consecutive percentual changes. The formula that describes the situation is:
1 + r/100 = (1 - 60/100) · (1 + 80/100)
1 + r/100 = 72/100
r/100 = - 28/100
r = - 28
The quantity reported an equivalent net percentage change of 28 percent.
The statement is incomplete. Complete form is presented below:
A quantity is changing. At first it descreased by 60 percent and it increased by 80 percent. What is net change of the quantity in percentage?
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