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?

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asked May 6, 2019 185k views

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Reggoodwin · Answer 1 · 2019-05-10T15:12:51+0000

$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.

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?

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