Question

Your fuel expense for last year was $800 this year it was $960 what was the percentage of increase. A.23% B.18% C. 15% D.20%

Answer 1

The percentage of increase in fuel expenses is 20%

Explanation:

Given:

Fuel expense in last year = $800

Fuel expense in this year = $960

To Find:

The percentage of increase

Solution:

Let the percentage increase be X

Then X =
`\frac{\text{final value}-\text{starting value}}{\text{starting value}}* 100`

Now substituting the values we get,

`X =(960-800)/(800)* 100`

`X =0.2 * 100`

X= 20%