Mathematics
Grade-7
Easy

Question

A person mistakes the cost of a cap as $10 instead of $24. ___________ is the percent error

  1. 58.3%
  2. 59%
  3. 50.7%
  4. 65%

The correct answer is: 58.3%


    STEP BY STEP SOLUTION
    Wrong cost of cap = $ 10
    Right cost of cap = $24
    Error in the cost = Right cost - Wrong cost
    Error in cost = 24 - 10 = $14
    Error % =fraction numerator E r r o r space i n space cos t space over denominator R i g h t space cos t space end fraction cross times space 100
    Error % =14 over 24 cross times 100 equals 0.583 cross times 100 equals 58.3 straight percent sign
    The percentage change in the cost of cap = 58.3%

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