Mrs. Mask looked at another hotel. She waited a week before she decided to book nights at that hotel, and now the prices have increased. The original price was $1195. The price for the same room and a same number of nights is now $2075. What is the percent increase? Round to the nearest whole percent. Explain and Show your work
Mathematics · High School · Tue Nov 03 2020
Answered on
Given:
Original price $1195
Current Price $2075
Determine the percent increase.
Solution:
In order to determine the percent increase we must first subtract the original price to the current price.
= $2075 - $1195
=$880
Now we know that $880 was added to the original price. Now we need to determine what percentage of 1195 is 880. In order to do so we divide 880 by 1195
= 880/1195
= 0. 736
We need to convert the decimal into percentage, that can be done by multiplying the decimal by 100, hence in converting a percentage into decimal we divide by 100.
=( 0.736)(100)
= 73.6% or 74%
Therefore the Original price was increased by 74%.