Question

The"off-peak"weekly average cost of hiring a caravan in wales is £520. In July the average cost increases to £800. Calculate the percentage increase in cost.

Answer 1

Answer: 53.84%

Explanation:

Given

The average cost of hiring is £520

The new increased cost of hiring is £800

Percentage increase is

`\Rightarrow \%=\frac{\text{New value-old value}}{\text{old value}}* 100`

Putting values

`\Rightarrow (800-520)/(520)* 100=53.84\%`