A price increases from $50 to $60. What is the percent increase?<\/span><\/div>\nThe formula for percent increase is:<\/p>\n
\\(\\dfrac{\\text{new value}-\\text{original value}}{\\text{original value}}\\)<\/p>\n
To start, let’s determine how much the value has increased by subtracting the original value from the new value.<\/p>\n
\\(60-50=10\\)<\/p>\n
Then, we divide the increase by the original value, which gives us the increase as a decimal.<\/p>\n
\\(10\\div 50=0.2\\)<\/p>\n
Finally, convert the decimal to a percentage by multiplying by 100.<\/p>\n
\\(0.2 \\times 100 = 20\\)<\/p>\n
Therefore, the price increased by 20%!<\/p>\n
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