Question

Ticket costs £14.50 add 7% increase in price

Answer 1

Solutions 

We know that a ticket costs £14.50 and it is increased by 7% in price. To solve the problem lets use variables. 

Let the Variable Y = 7% of 14.5

Equation: Y = P% × (X)

Solve for our equation Y

Y = P% × (X)

Y = 7% × 14.5

Now lets convert the percent to a decimal:

Percent = Out of 100

Percent = 7% / 100 = 0.07

Y = 0.07 × 14.5 

Y = 1.015

Answer 2

If you would like to know the cost of the ticket after the 7% increase, you can calculate this using the following steps:

7% of £14.50 = 7% * 14.50 = 7/100 * 14.50 = £1.015

£14.50 + £1.015 = £15.515

The final cost of the ticket would be £15.515.