Multiple Choice Question

Question

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, you can use the following formula:

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

In this case:

• Old Value (last week) = $60.00
• New Value (this week) = $75.00

Now, substitute the values into the formula:

\[ \text{Percent Increase} = \left( \frac{75.00 - 60.00}{60.00} \right) \times 100 \] \[ = \left( \frac{15.00}{60.00} \right) \times 100 \] \[ = 0.25 \times 100 \] \[ = 25% \]

The percent increase of the ticket from last week to this week is 25%.