If the number of people living below the poverty line increases from 50,000 to 7

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Question: If the number of people living below the poverty line increases from 50,000 to 70,000, what is the percentage increase?

Options:

Correct Answer: 40%

Solution:

Percentage increase = ((70,000 - 50,000) / 50,000) * 100 = 40%.

If the number of people living below the poverty line increases from 50,000 to 70,000, what is the percentage increase?

If the number of people living below the poverty line increases from 50,000 to 70,000, what is the percentage increase?

Step 1: Identify the initial number of people living below the poverty line, which is 50,000.
Step 2: Identify the new number of people living below the poverty line, which is 70,000.
Step 3: Calculate the difference between the new number and the initial number: 70,000 - 50,000.
Step 4: The difference is 20,000.
Step 5: Divide the difference (20,000) by the initial number (50,000): 20,000 / 50,000.
Step 6: The result of the division is 0.4.
Step 7: To find the percentage increase, multiply the result (0.4) by 100: 0.4 * 100.
Step 8: The final result is 40%, which is the percentage increase.

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