Question

A company is expanding its building area from 11,000 square feet to 14,740 square feet. What is the percentage increase of the area
of the building space?​

A. 66%
B. 37.4%
C. 3.4%
D. 34%

Answer 1

Option D

The percentage increase of the area  of the building space is 34 %

Solution:

A company is expanding its building area from 11,000 square feet to 14,740 square feet

To find: Percentage Increase

The percent increase is given by formula:

$\text{Percent increase } = \frac{\text{Final value - Initial value}}{\text{Initial value}} \times 100$

From given,

Initial value = 11000

Final value = 14740

Substituting we get,

$Percent\ Increase = \frac{14740-11000}{11000} \times 100\\\\Percent\ Increase = \frac{3740}{110}\\\\Percent\ Increase = 34$

Thus percentage increase of the area  of the building space is 34 %