Question

A figurine is sold for £67 and then resold it for £76.48. What is the percentage increase (1dp)

Answer 1

the percentage increase in the price of the figurine is 14.12%

Explanation:

Step one:Calculate the difference in price: Subtract the initial selling price (£67) from the final selling price (£76.48) to find the increase in price. £76.48 - £67 = £9.48.

Step two:Calculate the percentage increase: Divide the increase in price (£9.48) by the initial selling price (£67) and multiply by 100 to get the percentage increase. (£9.48 / £67) * 100 = 14.12%.

Answer 2

Explanation:

To calculate the percentage increase, you can use the following formula:

Percentage Increase = [(New Value - Old Value) / Old Value] * 100%

In this case, the old value is the initial price at which the figurine was sold, which is £67, and the new value is the price at which it was resold, which is £76.48.

Percentage Increase = [(£76.48 - £67) / £67] * 100%

Percentage Increase = [(£9.48) / £67] * 100%

Percentage Increase ≈ 14.12% (rounded to 1 decimal place)

So, the percentage increase in the price of the figurine is approximately 14.1%.