Answer:
12% increase
Explanation:
First, find the difference between 18.48 and 16.50:
18.48 - 16.50 = 1.98
Now, what percent of 16.50 is 1.98?:
1.98 / 16.50 = 0.12
0.12 * 100% = ==> 100% = 1. Anything multiplied by 1 is itself ( 1 * 3 = 3 )
0.12 * 100% = 12%
Hence, $16.50 to $18.48 is an increase of $1.98 or 12%.