Question

In 1995, the standard bus fare in Chicago was $1.50. In 2008, the standard bus fare was $2.25. Give your answer as a percentage value. Find the percent increase of the bus fare in Chicago.

Answer 1

Answer:

The bus fair is 50% increases.

Step-by-step explanation:

The percentage is the proportion of the relation to the whole.

Percentage increase is calculate as ratio of difference of original and new value to the original value. i.e.

$\frac{ Percentage\ increase\ \ =\ \ new\ value - original \ value}{original\ \ value}$

∴ $\frac{ Percentage\ increase\ \ =\ \ 2.25 - 1.50 }{1.50}$

⇒ Percentage increase = 50%