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A product's price increased from $200 to $250. What is the percentage increase i

Practice Questions

Q1
A product's price increased from $200 to $250. What is the percentage increase in the price?
  1. 20%
  2. 25%
  3. 30%
  4. 35%

Questions & Step-by-Step Solutions

A product's price increased from $200 to $250. What is the percentage increase in the price?
Correct Answer: 25%
  • 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 between the new price and the original price: 250 - 200 = 50.
  • Step 4: Divide the difference by the original price: 50 / 200.
  • Step 5: Multiply the result by 100 to convert it to a percentage: (50 / 200) * 100.
  • Step 6: Calculate the final result: 25%.
  • Percentage Increase – The calculation of how much a value has increased in relation to its original value, expressed as a percentage.
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