Percent Decrease: Formula & Calculation

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

A company that made $353,820 last year reported a 4.21% decrease in earnings this year. How much did the company earn this year?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. An electric guitar had a manufacturer's suggested retail price (MSRP) of $599 last year. Due to a drop in sales, the company decided to lower the MSRP to $549. What is the percentage decrease in MSRP?

2. Tom spends about $60 a week on lunch at work. He has decided to reduce this weekly spending by $12. What the percentage savings will he achieve?

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

Percentage change is defined as the absolute change as a percentage of an initial value, and this quiz and worksheet combination will test your understanding of this concept. The practice questions on the quiz will ask you to calculate percentage change in multiple forms.

Quiz & Worksheet Goals

In these assessments, you'll be tested on:

  • Defining the value of a percentage change in terms of units
  • Identifying the actual percentage change
  • Calculating the percentage decrease in MSRP

Skills Practiced

This quiz and worksheet will allow you to test your skills in the following areas:

  • Reading comprehension - ensure that you draw the most important information on calculating percentage change from the related lesson
  • Making connections - use your understanding of the concept of percentages and percentage change
  • Problem solving - use your acquired knowledge to solve practice problems involving percentages expressed in units and in percentage formats

Additional Learning

To learn more about this topic, review the accompanying lesson Percent Decrease: Formula & Calculation. This lesson covers the following objectives:

  • Review and discuss percentages and absolute change
  • Define percentage change as the absolute change represented as a percentage of an initial value
  • Demonstrate your ability to perform these calculations and provide answers both in terms of percentage and in unit increase or decrease
Support