If Cash is $2,345 in 20X2 and $3,671 in 20X1,what is the percent of increase or (decrease)from 20X1 to 20X2?

Question

Quizplus · Accepted Answer

To find the percent increase or decrease, we need to calculate the difference between the two amounts and divide by the original amount (20X1).

Difference = $2,345 - $3,671 = -$1,326 (there was a decrease)
Percent decrease = (|-1,326| / $3,671) x 100% = 36.12%
Note: The answer is in parentheses because it represents a decrease, not an increase.

If Cash Is $2,345 in 20X2 and $3,671 in 20X1,what