SOLUTION: Last month a book sold for $25.00. This month it sold for $25.50. What was the percent of increase?

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: Last month a book sold for $25.00. This month it sold for $25.50. What was the percent of increase?      Log On


   

Question 585919: Last month a book sold for $25.00. This month it sold for $25.50. What was the percent of increase?
Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
Percent Increase = [(New - Old)/Old] * 100

Percent Increase = [(25.5-25)/25] * 100

Percent Increase = [0.5/25] * 100

Percent Increase = 0.02 * 100

Percent Increase = 2%
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