Question

Last year, the average monthly revenue at the Westford Times newspaper was $54,460.70. This year, the average monthly revenue so far has been $70,798.91. What is the percent of increase in the average monthly revenue?

Answer 1

9514 1404 393

Answer:

30% increase

Explanation:

The percentage change can be computed from ...

percent change = ((new value)/(old value) -1) × 100%

= (70798.91/54460.7 -1) × 100% = (1.30 -1) × 100%

= 30%

The average monthly revenue increased by 30% from last year.