Question

A company is expanding its building area from 11,000 square feet to 14,740 square feet. What is the percentage increase of the area

of the building space?​

A. 66%
B. 37.4%
C. 3.4%
D. 34%

Answer 1

Option D

The percentage increase of the area of the building space is 34 %

Solution:

A company is expanding its building area from 11,000 square feet to 14,740 square feet

To find: Percentage Increase

The percent increase is given by formula:

`\text{Percent increase } = \frac{\text{Final value - Initial value}}{\text{Initial value}} * 100`

From given,

Initial value = 11000

Final value = 14740

Substituting we get,

`Percent\ Increase = (14740-11000)/(11000) * 100\\\\Percent\ Increase = (3740)/(110)\\\\Percent\ Increase = 34`

Thus percentage increase of the area of the building space is 34 %