Find the percentage

Question

In 1940, the average size of a privately owned farm in a particular country was166 acres.  In recent year, the average size of a privately owned farm in the country had increased to 463 acres. What is this percent increase?

Answer 1

Percent increase = [(new value - original value) ÷ Original value] x 100%

 

P = [(463 - 166) ÷ 166] x 100%

 

P = (297 ÷ 166) x 100%

 

P = 178.9%