how would I solve this percent question?

Question

university tutition increased from $12 350 to $14 125, what was the percent increased in tution.

 

my understanding is that I would find the difference between 12350 and 14125 and then find out what percent of 12350 the difference is.  

Answer 1

Yes, you are correct.

 

Percent increase = {(14125 - 12350) / 12350} · 100

 

                         = 14.37%