Word Problem

Question

A retailer purchases a lounge chair for $250 and sells it for $349 in his store. What is the percentage increase for the retailer?

Answer 1

The percentage increase is:

  ( (the increase) / (initial value) ) * 100%

  ( (349-250) / (250) ) * 100%

  ( (99)/(250) ) * 100%

  ( 0.396 ) * 100%

      39.6%

 

Answer 2

Hi Jordan,

 

The percentage increase is determined by dividing the selling price by the purchase price.

 

349/250 = 1.396

Subtract 1

1.396 - 1 = .396

This is the percentage increase expressed as a decimal.

 

To express is as a percentage, multiply by 100.

.396 x 100 = 39.6%.

Answer 3

Jordan, in order to find the percentage of increase or decrease, we divide the difference by the ORIGINAL price.

 

In this case, 349 - 250 = 99.

 

So, we set 99/250 = .396 = 39.6%, which we can round to 40%.

 

Hope this helps!