The cost of a concert ticket last week was $60.00. This week a concert ticket is $75.00. What is the percent increase of the ticket from last week to this week?

Question

A.
8%

B.
15%

C.
20%

D.
25%

Answer 1

D. 25%

The percent increase can be calculated using the formula:

Percent Increase = [(New Price - Old Price) / Old Price] x 100

Substitute the values:

[(75 - 60) / 60] x 100 = (15 / 60) x 100 = 0.25 x 100 = 25%

Therefore, the concert ticket price increased by 25% from last week to this week.