Question

During the course of a year, the price of a house increased from $300,000 to $375,000. What was the percent increase in price?

Answer 1

$375,000/$300,000 = x/100
37,500,000 = 300,000x
125 = x
x = 125

$375,000 is 125% of $300,000, which means that it is 25% MORE than (increase in price) $300,000.