Answer :
($1,800,000 - $40,000)/$40,000*100
($1,760,000)/$40,000*100
44*100
4400% change
($1,760,000)/$40,000*100
44*100
4400% change
Answer:
The percent of change in the cost of a commercial is 4400%
Step-by-step explanation:
In 1967, a 30-second Super Bowl commercial cost $40,000 i.e the initial cost was $40000
In 2000, a 30-second commercial cost $1,800,000 i.e the final cost was $1800000
We know that,
[tex]\text{Percentage change}=\dfrac{\text{Final Value - Initial Value}}{\text{Initial Value}}\times 100\%[/tex]
[tex]=\dfrac{\text{1800000 - 40000}}{\text{4000}}\times 100\%[/tex]
[tex]=\dfrac{\text{1760000}}{\text{4000}}\times 100\%[/tex]
[tex]=44\times 100\%[/tex]
[tex]=4400\%[/tex]
Therefore, the percent of change in the cost of a commercial is 4400%
