Question

Find Rate of IncreaseDesk we’re on sale for $200. The sale is over and they have gone back up to full price of $300. What was the rate of increase?

Answer 1

Given:

Desk we’re on sale for $200

full price of $300

Required:

Find Rate of Increase

Explanation:

We apply the formula to calculate rate of increase

Final value=$300

Initial value=$200

$\begin{gathered} percent\text{ increase=100}\times\frac{final-initial}{initial} \\ \\ percent\text{ increase=100}\times\frac{300-200}{200} \\ \\ =50\% \end{gathered}$

Required answer:

The rate of increase is 50%