Question

The average cost per month of a 2-bedroom apartment in Grayson was $625 last year.This year,the average cost is $650.What is the percent of increase from late year?

Answer 1

The amount increased 4% from last year.

Step-by-step explanation:

Given,

Average cost last year = $625

Average cost this year = $650

Increase amount = Average cost last year - Average cost this year

Increase amount = 650 - 625 = $25

Percent increase = $\frac{Increase\ amount}{Average\ cost\ last\ year}*100$

$Percent\ increase=\frac{25}{625}*100\\Percent\ increase=\frac{2500}{625}\\Percent\ increase=4\%$

The amount increased 4% from last year.

Keywords: percentages, subtraction

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