A product's price increased from $50 to $65. What is the percentage increase in

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Question: A product\'s price increased from $50 to $65. What is the percentage increase in the price?

Options:

Correct Answer: 30%

Solution:

Increase = 65 - 50 = 15; Percentage increase = (15/50) * 100 = 30%.

A product's price increased from $50 to $65. What is the percentage increase in the price?

A product's price increased from $50 to $65. What is the percentage increase in the price?

Correct Answer: 30%

Step 1: Identify the original price of the product, which is $50.
Step 2: Identify the new price of the product, which is $65.
Step 3: Calculate the increase in price by subtracting the original price from the new price: 65 - 50 = 15.
Step 4: To find the percentage increase, divide the increase (15) by the original price (50): 15 / 50.
Step 5: Multiply the result from Step 4 by 100 to convert it to a percentage: (15 / 50) * 100.
Step 6: Calculate the final result: 30%.

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