SOLUTION: Last year, the track team’s yard sale earned $500. This year, the yard sale earned $625. What is the percent of increase?

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Question 1004492: Last year, the track team’s yard sale earned $500. This year, the yard sale earned $625. What is the percent of increase?
Answer by fractalier(6550) About Me  (Show Source):
You can put this solution on YOUR website!
We calculate this by
% change = (new - old)/old = (625-500)/(500) = .25 = 25% increase