Question

A local community college has announced that they will be raising tuition cost from $46 per unit to $56 per unit. Determine the percent increase intuition cause round your answer to the nearest tenth of a percent

Answer 1

The percent increase is given by:

`(final-initial)/(initial)*100`

In this case the final price is $56 and the initial price is $46; then we have:

`(56-46)/(46)*100=21.7`

Therefore, the percent increase is 21.7%