Question

The Nieto’s family bought a house several years ago for $120,000 this year they sold it for 150,000 find the percent of inscrease

Answer 1

25%

Explanation:

1) They bought the house for $120,000 and sold it for $150,000 whcich is simply 150,000/120000 simplified is 5/4.

2) In order to get it as a percentage you multiply the 5/4 by 100 getting 125. To work out the percentage increase you do 125-100 = 25% making the percentage increase 25%

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Answer 2

25% increase

Explanation:

Percent Increase= new value-old value divided by the old value

New Value= 150,000

Old Value= 120,000

150,000-120,000 divided by 120,000

0.25=25%