Question

Find the absolute change and the percentage change for the given situation.

Answer 1

We have:

Value 1 = 118

Value 2 = 590

Then:

Absolute change

Use the formula given below

$\text{Absolute change = V}_2-V_1=590-118=472$

Percent change

Percentage change equals the change in value divided by the absolute value of the original value, multiplied by 100. This is:

$\begin{gathered} Percent\text{ change=}\frac{V_2-V_1}{\lvert V_1\rvert}\times100=\frac{590-118}{\lvert118\rvert}\times100 \\ =\frac{472}{118}\times100=4\times100=400 \end{gathered}$

Answer:

Absolute change = 472

Percent change = 400 % increase