Question

The cost of a concert ticket last week was $60 this week a concert ticket is $75 what is the percent increase of the ticket from last week to this week

Answer 1

The percent increase in the ticket is 25%.

Explanation:

Given data

• Initial value of the ticket (Vi): $60

• Final value of the ticket (Vf): $75

We can find the percent increase of the ticket using the following expression.

ΔV% = Vf - Vi / Vi × 100%

ΔV% = $75 - $60 / $60 × 100%

ΔV% = 25%

The percent increase in the ticket is 25%.

Answer 2

There was an increase of 25%

Explanation:

$60 was the original price 100%

$75 is the new price...........x

We apply a rule of three

x = $75/$60 * 100% = 125%

There was an increase of 25%