SOLUTION: The cost of a television increased from $1,545 to $1,680 in one year. What was the percentage rate of increased?

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Question 618530: The cost of a television increased from $1,545 to $1,680 in one year. What was the percentage rate of increased?
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 = [(1680-1545)/1545] * 100

Percent Increase = [135/1545] * 100

Percent Increase = 0.0874 * 100

Percent Increase = 8.74%