Question

A local community college has announced that they will be raising tuition cost from $43 per unit to $53 per unit. Determine the percent increase in tuition cost. Round your answer to the nearest tenth of a percent

Answer 1

23.3%

Explanation:

• The initial tuition = $43

,

• New Tuition = $53

First, determine the change in the tuition.

`\text{Increase}=53-43=10`

Next, divide the result by the initial tuition and multiply by 100.

`\begin{gathered} \text{Percent Increase}=(10)/(43)*100 \\ =23.256\% \\ \approx23.3\% \end{gathered}`

The percent increase in tuition cost is 23.3% (rounded to the nearest tenth of a percent).