The rent is an apartment was increased from $425 to $467.50. What is the percent of increase.
10%
111%
9%
91%
The percent increase is calculated by taking the difference between the new rent and the old rent, dividing that difference by the old rent, and then multiplying by 100.
New Rent - Old Rent = $467.50 - $425 = $42.50
Percentage Increase = (Difference / Old Rent) * 100
Percentage Increase = ($42.50 / $425) * 100 = 10%
Therefore, the percent increase is 10%.