LAST YEAR, A TICKET TO A MOVIE COST $7.50. THIS YEAR, THE PRICE INCREASED TO $9.00. BY WHAT PERECT IS THE PRICE INCREASE
You can do this problem the same way I showed you for the last problem.
I'll be glad to check your answer.
150
No.
9.00 - 7.50 = 1.50
Divide 1.50 by 7.50 and multiply by 100.
Pay attention to the decimal points. Then multiply the decimal answer by 100.
To find the percent increase in price from last year to this year, we need to compare the difference between the two prices to the original price and express it as a percentage. Here's how you can calculate it:
1. Calculate the difference between the two prices:
Price difference = New price - Original price
= $9.00 - $7.50
= $1.50
2. Calculate the percent increase:
Percent increase = (Price difference / Original price) * 100
Substituting the values:
Percent increase = ($1.50 / $7.50) * 100
3. Simplify the equation:
Percent increase = 0.20 * 100
= 20%
Therefore, the price increased by 20% this year compared to last year.