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What is used when rate of growth for decline required |
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Answer» Answer: rate of decline is referred to as percentage DECREASE. the formula for this is: percentage decrease = value of decrease × 100 original value here the value of decrease is original value - decreased (NEW) value eg. the price of a PAINTING was initially ₹ 55000. it depreciated to ₹33000. find the rate of decline. here the rate of decline is decreased value = 55000 - 33000 = 22000 percentage decrease = 22000/55000 ×100 = 200/5 = 40% |
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