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A product's price increased from $200 to $250. What is the percentage increase i
A product's price increased from $200 to $250. What is the percentage increase in price?
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Practice Questions
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Q1
A product's price increased from $200 to $250. What is the percentage increase in price?
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Percentage increase = ((250 - 200) / 200) * 100 = (50 / 200) * 100 = 25%.
Questions & Step-by-step Solutions
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Q
Q: A product's price increased from $200 to $250. What is the percentage increase in price?
Solution:
Percentage increase = ((250 - 200) / 200) * 100 = (50 / 200) * 100 = 25%.
Steps: 7
Show Steps
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 in price is 25%.
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