The price was 60$ and now it is 40$. what was the percent of change
To calculate the percent of change, you can use the formula:
Percent Change = ((New Price - Old Price) / Old Price) * 100
In this case, the old price was $60 and the new price is $40.
Percent Change = (($40 - $60) / $60) * 100
Percent Change = (-$20 / $60) * 100
Percent Change = -0.3333 * 100
Percent Change = -33.33%
So, the percent of change from $60 to $40 is -33.33%. This means that there was a decrease of 33.33% in the price.