Question

The price of a ticket was increase from 50p to 60p. What is the increase a as a fraction in its simple form? As a percentage of the original price?

Answer 1

10p or 20% was added on

Answer 2

Given is the price increase of a ticket from 50p to 60p.

Using the concept of fractions, we can find the ratio of new price to old price as follows :-

`(new \;\; price)/(old \;\; price) = (60p)/(50p) =(6)/(5)`

So the increase in price is
`(6)/(5)` times old price of the ticket.

Using the formula of percentage, we can find the percentage change in price as follows :-

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Hence, Percentage increase is 20% of the original price.