Question

The home price changed from $200,000 to $325,000 after the renovation of the kitchen and flooring. What is the percent increase?

Answer 1

Answer: The percent increase in the home price after the renovation of the kitchen and flooring is 62.5%.

Step-by-step explanation:

1. Calculate the difference between the new price and the original price: $325,000 - $200,000 = $125,000.

2. Divide the difference by the original price: $125,000 / $200,000 = 0.625.

3. Multiply the result by 100 to convert it to a percentage: 0.625 * 100 = 62.5%.

Answer 2

62.5%

Explanation:

200,000 + 62.5% = 325,000