SOLUTION: A price increased from $78 to $104. What is the percent of increase? My answer was 20.28% Thanks

Question 5602: A price increased from $78 to $104. What is the percent of increase?
My answer was 20.28%
Thanks

Answer by prince_abubu(198) (Show Source): You can put this solution on YOUR website!
In discount or price increase problems involving percentages, I always use the formula P � Pc = N, where P is the original price, N is the new price (price after discount or price increase), and c is the percentage. Use + if it's a price increase. Use - if it's a price decrease. They will ALWAYS give you all but one of the values, and that value they didn't give you is what they want you to find.
In this case, P = $78.00, N = $104.00 and your quest now is to find c, the percentage. Since this is a price increase, we'll use the + instead of the -.
78.00 + 78.00c = 104.00
78.00c = 26
c = 0.33333 repeating, or 33 1/3 % price increase.
RELATED QUESTIONS
A price increased from $78 to $104. What is the percent of increase? Is it 33.3 % ?... (answered by guapa)

A price increased from $78 to $104. What is the percent of increase? Is it 33.3 % ?... (answered by guapa)

The price of a GE microwave oven increased from $600 to $900. What was the percent of... (answered by josmiceli)

After a 20% price increase, the new price of a jacket is $78. What was the jacket's... (answered by jim_thompson5910,josmiceli)

Hi Gas has increased from $2.98 to $3.07. If it then decreased by half the percent of... (answered by josgarithmetic)

Can someone please help me with this problem? The price of a doll increased from $600... (answered by stanbon)

After a 20% increase the new price of a radio is $78. What was the original price of the... (answered by checkley71)

A price decreased from $36 to $27. What is the percent of decrease? My answer was 3.24% (answered by CharStar)

Solve this equation please (Also explain and show work): A skirt's price was increased (answered by jainenderkapoor)