Question

The price of a toy costing £50 is increased to £65
work out the percentage increase

Answer 1

Percent increase = 30%

Explanation:

Given that:

Old price of toy = £50

New price of toy = £65

Difference = New price - Old price

Difference = 65 - 50

Difference = £15

Percent increase =
`(Difference)/(Old\ price)*100`

Percent increase =
`(15)/(50)*100`

Percent increase = 0.3 * 100

Percent increase = 30%

Hence,

Percent increase = 30%