Question

You expect an increase in sales this summer at your water ice stand from 150 cups per day to 175. What is the rate of increase?

Answer 1

Rate of increase = ( Present Value - Past value ) / Past value * 100

So for our problem we plug the values

Rate of increase =
`(175 - 150)/(150) * 100` Percent

=
`(25)/(150) * 100`

=
`(2500)/(150)`

=
`(50)/(3) %`

= 16.667 %