After increasing the price by Php1,200.00, the price of a TV set becomes P7 600.00. What is the percentage increase in the price of the TV set?
Answer (1)
To find the percentage increase, use this formula:[tex]\textsf{Percentage Increase} = \left( \frac{\textsf{Increase}}{\textsf{Original Price}} \right) \times 100[/tex]Final Price = ₱7,600Increase = ₱1,200So, Original Price = 7,600 − 1,200 = ₱6,400[tex]\textsf{Percentage Increase} = \left( \frac{1,200}{6,400} \right) \times 100 = 18.75\%[/tex]Therefore the percentage increase is 18.75℅
