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A table shows the expenses of a company in three categories (Rent, Salaries, Uti

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Question: A table shows the expenses of a company in three categories (Rent, Salaries, Utilities) for two years. If the total expenses in Year 1 were $200,000 and in Year 2 were $250,000, what is the percentage increase in total expenses?

Options:

  1. 20%
  2. 25%
  3. 30%
  4. 15%

Correct Answer: 25%

Solution: 

The percentage increase is ((250,000 - 200,000) / 200,000) * 100 = 25%.

A table shows the expenses of a company in three categories (Rent, Salaries, Uti

Practice Questions

Q1
A table shows the expenses of a company in three categories (Rent, Salaries, Utilities) for two years. If the total expenses in Year 1 were $200,000 and in Year 2 were $250,000, what is the percentage increase in total expenses?
  1. 20%
  2. 25%
  3. 30%
  4. 15%

Questions & Step-by-Step Solutions

A table shows the expenses of a company in three categories (Rent, Salaries, Utilities) for two years. If the total expenses in Year 1 were $200,000 and in Year 2 were $250,000, what is the percentage increase in total expenses?
  • Step 1: Identify the total expenses for Year 1, which is $200,000.
  • Step 2: Identify the total expenses for Year 2, which is $250,000.
  • Step 3: Calculate the difference in expenses between Year 2 and Year 1 by subtracting Year 1 from Year 2: 250,000 - 200,000.
  • Step 4: The difference is $50,000.
  • Step 5: To find the percentage increase, divide the difference ($50,000) by the total expenses of Year 1 ($200,000): 50,000 / 200,000.
  • Step 6: The result of the division is 0.25.
  • Step 7: To convert this to a percentage, multiply by 100: 0.25 * 100.
  • Step 8: The final result is 25%, which is the percentage increase in total expenses.
  • Percentage Increase – Calculating the percentage change between two values by finding the difference, dividing by the original value, and multiplying by 100.
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