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

To find the percent increase in the price of the concert ticket, we can use the formula for percent increase:

\[ \text{Percent Increase} = \left( \frac{\text{New Price} - \text{Old Price}}{\text{Old Price}} \right) \times 100 \]

In this case, the old price is $60.00 and the new price is $75.00.

1. Calculate the difference between the new price and old price: \[ 75.00 - 60.00 = 15.00 \]

2. Divide the difference by the old price: \[ \frac{15.00}{60.00} = 0.25 \]

3. Multiply by 100 to get the percent: \[ 0.25 \times 100 = 25% \]

Thus, the percent increase in the ticket price from last week to this week is 25%.

The correct answer is D. 25%.