lily likes to collect records. Last year she had 10 records in her collection. Now she has 12 records. What is the percent increase of her collection
12/10 =1.2 - 1 = 0.2 x 100 = 20%
CONCEPT
1. CALCULATE CHANGES IN DATA AS PERCENT CHANGE
2. FORMULA: (Final Value - Initial Value)/ Initial Value then multiply the result by 100 to obtain the percent INCREASE or DECREASE.
Collection of records: (12-10)/10 = 2/10 x 100 = 20% (INCREASE)