Question

If the cost is $58 and the selling price is $63 then what is the percent of increase

Answer 1

For this case we can raise a rule of three:

$ 58 ----------> 100%

$ 63 ----------> x

Where "x" represents the percentage equivalent to $ 63.

$x = \frac {63 * 100} {58}\\x = \frac {6300} {58}\\x = 108.62$

Thus, the percentage increase is 8.62%

Answer:

The percentage of increase is 8.62%