SOLUTION: The national average of health care costs was $7,323 in 2005. One year later the national average had climbed to $8,046. What was the percent increase, rounded to the nearest perce

Question 717741: The national average of health care costs was $7,323 in 2005. One year later the national average had climbed to $8,046. What was the percent increase, rounded to the nearest percent?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
The national average of health care costs was $7,323 in 2005. One year later the national average had climbed to $8,046. What was the percent increase, rounded to the nearest percent?
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Quantitative increase: 8046-7323 = 723
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Percent increase: 723/7323 = 0.0987 = 10%
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Cheers,
Stan H.
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