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The percentage by which the cost is increasing will be 75%.
<h3>What is the percentage?</h3>The quantity of anything is stated as though it were a fraction of a hundred. A fraction of 100 can be used to express the ratio.
The percentage of the 8th graders who want to go to the water slides is found from;
In the year 2000, a house was valued at $60 000.
In 2010, the same house was valued at $80 000.
The percentage value is found as;
Hence the percentage by which the cost is increasing will be 75%.
To learn more about percentages, refer to:
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