document.write( "Question 1041940: What is wrong with the following :
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document.write( "An index number of retail prices in April 1995 was 124.2 (jan 1994=100).
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document.write( "In april 2000 the value of the index was 150.4 (jan 1994=100). Hence prices
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document.write( "had gone up by 26.2% between april 1995 and april 2000. \n" );
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Algebra.Com's Answer #658875 by Theo(13342)![]() ![]() You can put this solution on YOUR website! in april, 1995, the index was 124.2. \n" ); document.write( "in april, 2000, the index was 150.4.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the difference is 150.4 - 124.2 = 26.2.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "that's not the % difference.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "that's the absolute difference.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "take the absolute difference and divide it by 124.2 and you get .210950081.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "multiply that by 100 and you get 21.0950081%.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "that's the percent difference from 124.2. \n" ); document.write( " |