If a product's price increases from $150 to $180, what is the percentage increas

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Question: If a product\'s price increases from $150 to $180, what is the percentage increase?

Options:

Correct Answer: 20%

Solution:

Percentage increase = ((180 - 150) / 150) * 100 = 20%.

If a product's price increases from $150 to $180, what is the percentage increase?

If a product's price increases from $150 to $180, what is the percentage increase?

Step 1: Identify the original price of the product, which is $150.
Step 2: Identify the new price of the product, which is $180.
Step 3: Calculate the difference in price by subtracting the original price from the new price: 180 - 150.
Step 4: The difference in price is $30.
Step 5: Divide the difference by the original price: 30 / 150.
Step 6: The result of the division is 0.2.
Step 7: To find the percentage, multiply the result by 100: 0.2 * 100.
Step 8: The final result is 20%, which is the percentage increase.

Percentage Increase – The calculation of how much a value has increased in relation to its original value, expressed as a percentage.