A smartphone's price increased from $400 to $500. Calculate the percentage increase.

Question

asked Jan 4, 2024 42.1k views

1 Answer

Aremyst · Answer 1 · 2024-01-10T10:05:39+0000

Answer:

To calculate the percentage increase in price, we can use the following formula:

Percentage Increase = (New Value - Old Value) / Old Value * 100%

In this case, the old value is $400, and the new value is $500. Let's calculate the percentage increase:

Percentage Increase = (500 - 400) / 400 * 100%

= 100 / 400 * 100%

= 25%

Therefore, the price of the smartphone increased by 25%.