Question

From 2016 to 2017, accounts receivable increased from $4,000 to $4,800. the percent increase is:

Answer 1

To solve for the accounts receivable increase take:

$4,800 - $4,000 = $800 then take the difference from the increase amount and the original amount and divide them from each other. $800/$4,000 = 0.20. To turn the decimal into a percentage multiplu 0.20 by 100 = 20% increase.

Answer 2

Answer: The % increase is 20%.
The percent increase is calculated with this 2 steps:

1)Increase: new Number - original Number
4800-4000= 800

2)% increase = Increase ÷ Original Number × 100
(800/4000) x 100= 20%