Question

It costs $480.00 to rent an apartment on the Gold Coast for a weekend. Last year it cost $400.00.

What method below shows how you would calculate the % increase?

Answer 1

you would find the difference of the prices and divide the value by the original price. the difference would be $80, 80/400 is 1/5 which is 20%

Answer 2

400------100%
480------X%
400X=480x100
400x=4800
x=4800/400
x=12%
the rent increased by 12%