The movie with the biggest opening weekend in 1998 was Toy Story 2 with opening weekend receipts of $39.4 million. In 2002 the movie with the biggest opening weekend was Spider-Man with opening weekend receipts of $114.84 million. What was the percent increase in opening weekend receipts from the top weekend movie in 1998 to the top weekend movie of 2002? Round your answer to the nearest percent
percent= (2002Gross-1998Gross)/1998gross * 100
To calculate the percent increase in opening weekend receipts, you need to find the difference between the two amounts and then express it as a percentage of the original amount. Here are the steps to calculate the percent increase:
1. Find the difference between the two opening weekend receipts:
Difference = (2002 receipts) - (1998 receipts)
Difference = $114.84 million - $39.4 million
Difference = $75.44 million
2. Calculate the percent increase by dividing the difference by the original amount and multiplying by 100:
Percent Increase = (Difference / 1998 receipts) * 100
Percent Increase = ($75.44 million / $39.4 million) * 100
3. Calculate the result:
Percent Increase = 191.6%
Rounding the answer to the nearest percent, the percent increase in opening weekend receipts from the top movie of 1998 to the top movie of 2002 is approximately 192%.