Question

Regina leased a car for $380 per month. Her new lease is $475 per month. What is the percent increase in the monthly cost of her lease?

a) 24%
b) 20%
c) 25%
d) 10%

Answer 1

To calculate the percent increase in the monthly cost of Regina's car lease from $380 to $475, we find the difference ($95), divide by the original lease cost ($380), and multiply by 100 to obtain a 25% increase.

Step-by-step explanation:

The question asks us to calculate the percent increase in the monthly cost of Regina's car lease. To find the percent increase, we first find the difference in the monthly lease costs, then we divide by the original cost, and finally multiply by 100 to get the percentage.

Increased Amount = New Lease Cost - Original Lease Cost
= $475 - $380
= $95
Now, we calculate the percent increase:
Percent Increase = (Increased Amount ÷ Original Lease Cost) × 100
= ($95 ÷ $380) × 100
= 0.25 × 100
= 25%

So the percent increase in the monthly cost of her lease is 25%, which corresponds to option c).