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The price of a flat increases from £118699 to £132942.88Find the percentage increase.

Question

The price of a flat increases from £118699 to £132942.88Find the percentage increase.

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Solution

Sure, here are the steps to find the percentage increase:

Step 1: Find the difference between the new price and the old price. So, £132942.88 - £118699 = £14243.88

Step 2: Divide the increase by the original price. So, £14243.88 / £118699 = 0.12

Step 3: To convert this to a percentage, multiply by 100. So, 0.12 * 100 = 12%

Therefore, the price of the flat increased by 12%.

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<p>To find the percentage increase in price, follow these steps:</p> <ol> <li> <p>First, find the increase in price by subtracting the original price from the new price. In this case, $55.25 (new price) - $50 (original price) = $5.25.</p> </li> <li> <p>Next, divide the increase in price by the original price. So, $5.25 (increase in price) ÷ $50 (original price) = 0.105.</p> </li> <li> <p>Finally, to convert this number into a percentage, multiply by 100. So, 0.105 x 100 = 10.5%.</p> </li> </ol> <p>Therefore, the percentage increase in price is 10.5%.</p> ####

Test 1 - Question 6Monthly rates are due to increase by 4% per year for the next two years due to inflation. To the nearest penny, what will be the total cost of a two year contract with Company A (including the upfront payment) taking these annual increases into consideration?£540.70£830.00£855.20£888.30

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