Question

The cost of a concert ticket last week was $60.00. This week a concert ticket is $75.00. What is the percent increase of the ticket from last week to this week

Answer 1

The percentage increase of the tickets from last week to this week = 25%

Explanation:

Given as :

The cost of concert tickets last week = $60.00

The cost of concert tickets this week = $75.00

Let The percentage increase if tickets from last week to this week = x%

x =
`(final value - initial value)/(initial value)` × 100

Or, x =
`($ 75 - $ 60)/($ 60)` × 100

Or, x =
`($ 15)/($ 60)` × 100

Or, x =
`($ 1500)/($ 60)` = 25 %

Hence The percentage increase of the tickets from last week to this week = 25% Answer