SOLUTION: Mr. Garza's annual income has gone from $32,000 to $48,000 in 6 years. By what percent has his annual income increased?

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Question 13219: Mr. Garza's annual income has gone from $32,000 to $48,000 in 6 years. By what percent has his annual income increased?
Answer by rapaljer(4671) About Me  (Show Source):
You can put this solution on YOUR website!
First find the amount of increase. Since the income went from $32000 to 48000, this means that the amount of increase is $16000. Percent of increase is always a comparison of the amount of increase to the ORIGINAL amount, which is $32000.

Percent of increase = +%28Amount+Increase%29%2F+Original+Amount%29+
= +16000%2F32000 = 1%2F2 = 50%

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