Question

So me and my friend were arguing about this earlier. Say that you bought a raffle ticket for $1 and the prize is $512. If you won the raffle, would that be a 512% increase from the one dollar you invested or a 51,200% increase, or neither of those?​

Answer 1

Answer: %512 increase.

Step-by-step explanation:

Soooo if you had $1 and the prize was $512, then youd be making $512 (because you lost/invested the $1), It would be a 512% increase. Now, if it was $51,200 youd win, then yes it would be a 51,200%, but its only $512.