Question

The price of a round trip ticket to San Francisco increases from $525.00 to $650.00. To the nearest whole percent, what is the percent of increase?

Answer 1

The answer is 24% ..

Answer 2

The formula for percentage increase is given as:-

Percentage Increase = ( New Price - Old Price ) /old price * 100

Now

old price = $525

New Price = $650

lets plug the values in the formula

Percentage Increase = $\frac{(650 - 525)}{525} *100$

$=\frac{125}{525}*100 =0.238*100 = 23.8%$

=24%

Hence the price increases by 24%