Question

Fill in the missing number in this newspaper report:

Houses cost £150000 one year ago


They now cost £


This is a 25% increase

Answer 1

£187,500

Explanation:

Cost of houses one year ago = £150000

Percent increase a year after = 25%

Increment = 25% * 150000

Increment = 0.25 * 150000

Increment = £37500

New cost of house after increment = £150000+ £37500

New cost of house after increment = £187,500