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a simple percent change represents a change as part of the old or earlier value true...

a simple percent change represents a change as part of the old or earlier value

true or false?

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Answer #1

A simple percentage change is always represented as a part of the older or earlier value. In other words, the percentage change is represented as a part of the older value. For Example, a % change of +10 on 100 implies a final value of 110 (100 x 1.1) which is 10 % over the OLDER value.

Hence, the given statement is true.

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