If a product's price increases from $200 to $250, what is the percentage increas

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Question: If a product\'s price increases from $200 to $250, what is the percentage increase?

Options:

Correct Answer: 25%

Solution:

Percentage increase = ((250 - 200) / 200) * 100 = (50 / 200) * 100 = 25%.

If a product's price increases from $200 to $250, what is the percentage increase?

If a product's price increases from $200 to $250, what is the percentage increase?

Step 1: Identify the original price of the product, which is $200.
Step 2: Identify the new price of the product, which is $250.
Step 3: Calculate the difference in price by subtracting the original price from the new price: 250 - 200 = 50.
Step 4: Divide the difference by the original price: 50 / 200.
Step 5: Calculate the result of the division: 50 / 200 = 0.25.
Step 6: Convert the result into a percentage by multiplying by 100: 0.25 * 100 = 25.
Step 7: The percentage increase is 25%.

Percentage Increase – The percentage increase is calculated by taking the difference between the new and old values, dividing by the old value, and then multiplying by 100.