Question

Work out the percentage increase from 510,000 to 598,230.

a) 8%
b) 14%
c) 17%
d) 20%

Answer 1

The percentage increase from 510,000 to 598,230 is calculated by finding the difference and then dividing by the original amount. This results in a 17.3% increase, which is closest to option c) 17%.

Step-by-step explanation:

To calculate the percentage increase from 510,000 to 598,230, you can use the following formula:

Percentage Increase = (Increase / Original Number) x 100%

First, find the increase by subtracting the original number from the new number:

598,230 - 510,000 = 88,230

Now, apply the formula:

(88,230 / 510,000) x 100% = 0.173 x 100% = 17.3%

Therefore, the percentage increase from 510,000 to 598,230 is approximately 17.3%, which is closest to the provided option c) 17%.