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AbeNeedsAnswers
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The estimated number of home-schooled students in State A is greater than the number in State D by 181 - 79 = 102
We can set up the following expression:



Matt@VeritasPrep wrote:% greater = 100 * ((new value - old value)/(old value) - 1)
so
100 * ((181 - 79) / 79 - 1) =>
100 * ((102 / 79) - 1) =>
Since 102/79 is pretty close to 4/3, we can say that this is about
100 * (4/3 - 1) or
33%
D is the closest to this, so we're good to go.
Percent greater or percent increase:estebanmorillo wrote:Hi,
Regarding the solution below, how do we know what is the "new value" and the "old value" in this case that we are not really calculating a percentage change since both values take place in the same time period. Example, what if I was asked: what percent smaller is State D than State A?
Is there a formula that applies specifically to these "percent greater or percent smaller" problems?
Thanks!