Question

last year Patrick paid £2534 for his annual train ticket this year he has to pay £2612 for his annual train ticket. work out the percentage increase in the cost of his train ticket. give your answer correct to 3 significant figures. ​

Answer 1

Percentage increase in the cost of his train ticket = 3% (Approx.)

Explanation:

Given:

Cost of annual ticket paid by Patrick last year = £2,534

Cost of annual ticket paid by Patrick current year = £2,612

Find:

Percentage increase in the cost of his train ticket

Computation:

Percentage increase = [(Current - Base) / Base]100

Percentage increase in the cost of his train ticket = [(2,612 - 2,534) / 2,534]100

Percentage increase in the cost of his train ticket = [(78) / 2,534]100

Percentage increase in the cost of his train ticket = [0.03078]100

Percentage increase in the cost of his train ticket = 3.078

Percentage increase in the cost of his train ticket = 3% (Approx.)