If a Variable Is 100 and Then Decreases to 60

question 57

Multiple Choice

If a variable is 100 and then decreases to 60, then using the initial value approach its percentage decline is:

• A) 160 percent.
• B) - 40 percent.
• C) 40 percent.
• D) 50 percent.

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Definitions:

Accountants

Experts who conduct financial analyses or audits in adherence to established procedures.

Economic Events

Transactions or occurrences that have a direct impact on the financial position of a company.

Accountants

Individuals specialized in carrying out audits or analyzing financial statements, following specific methodologies.

Economic Events

Transactions and occurrences that have a direct impact on the financial position of a company, including buying, selling, and financing activities.