Question

Original price: $1,050.00
Increase by 0.5%
Final price: x
Proportional constant:

Answer 1

Final price = $1,055.25

Explanation:

Given:

Original price = $1,050

Rate of increase = 0.5%

Find:

Final price

Computation:

Final price = Original price + [Original price x Rate of increase]

Final price = 1,050 + [1,050 x 0.5%]

Final price = 1,050 + 5.25

Final price = $1,055.25