A product's price increased from $50 to $65. What is the percentage increase in
Practice Questions
Q1
A product's price increased from $50 to $65. What is the percentage increase in the price?
25%
30%
35%
40%
Questions & Step-by-Step Solutions
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.
