Question

Your fuel expense for last year was $800 this year it was $960 what was the percentage of increase. A.23% B.18% C. 15% D.20%

Answer 1

Answer:

The percentage of increase in fuel expenses is 20%

Step-by-step explanation:

Given:

Fuel expense in last year =  $800

Fuel expense in this year =  $960

To Find:

The percentage of increase

Solution:

Let the percentage increase be X

Then X  =$\frac{\text{final value}-\text{starting value}}{\text{starting value}}\times 100$

Now substituting the values we get,

$X =\frac{960-800}{800}\times 100$

$X =\frac{160{800}\times 100$

$X =0.2 \times 100$

X= 20%