Question

You rented space for a kiosk at the mall last year for the holiday season for $750. This year they increased it to $825. What is the percent increase?

Answer 1

10%

Step-by-step explanation:

Cost of kiosk last year = $750

Cost of kiosk this year = $825

Percentage increase = $825-$750 / $750 * 100

Percentage increase = $75 / $750 * 100

Percentage increase = 10%

So the percentage increase in the cost of rent is 10%.