Answer:
Percentage increase in the cost of his train ticket = 3% (Approx.)
Step-by-step explanation:
Given:
Cost of annual ticket paid by Patrick last year = £2,534
Cost of annual ticket paid by Patrick current year = £2,612
Find:
Percentage increase in the cost of his train ticket
Computation:
Percentage increase = [(Current - Base) / Base]100
Percentage increase in the cost of his train ticket = [(2,612 - 2,534) / 2,534]100
Percentage increase in the cost of his train ticket = [(78) / 2,534]100
Percentage increase in the cost of his train ticket = [0.03078]100
Percentage increase in the cost of his train ticket = 3.078
Percentage increase in the cost of his train ticket = 3% (Approx.)
