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A product's price increased from $50 to $65. What is the percentage increase in
A product's price increased from $50 to $65. What is the percentage increase in the price?
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Q1
A product's price increased from $50 to $65. What is the percentage increase in the price?
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Increase = 65 - 50 = 15; Percentage increase = (15/50) * 100 = 30%.
Questions & Step-by-step Solutions
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Q
Q: A product's price increased from $50 to $65. What is the percentage increase in the price?
Solution:
Increase = 65 - 50 = 15; Percentage increase = (15/50) * 100 = 30%.
Steps: 6
Show Steps
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%.
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