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?

Answer 1

To calculate the percent increase in the cost of the concert ticket, you can use the following formula:

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

In this case, the old price (last week's ticket price) is $60.00 and the new price (this week's ticket price) is $75.00.

1. Calculate the difference in price: \[ \text{New Price} - \text{Old Price} = 75.00 - 60.00 = 15.00 \]

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

3. Convert the result into a percentage: \[ 0.25 \times 100 = 25% \]

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