Question

A toy store sold a toy train set for

$49.95 last year. This year, the same
train set costs $52.50. What was the
percent increase of the cost of the
train set?

Answer 1

5.11%

Explanation:

The formula for percent increase is given as:

% increase = Increase ÷ Original Cost × 100.

Increase = Current cost - Original cost

= $52.50 - $49.95

= $2.55

Hence,

% increase = $2.55/$49.95 × 100

5.1051051051%

Approximately , Percent Increase = 5.11%

Therefore, the percent increase of the cost of the train set is 5.11%