The price of the movie ticket rose from 40 to 45 pesos. By what percentage did the price increase?
The price of the movie ticket rose from 40 to 45 pesos. By what percentage did the price increase?
In order to answer the question we must first understand how much the ticket costs:
45-40=5
That is, the price of the ticket increased by 5$.
Now we need to determine what the percentage value of the 5 pesos increase is. In order to determine this we will divide the increase by the original price and multiply it by 100 to convert it into a percentage.
5/40 * 100
We start by converting the 100 into fraction form.
5/40 * 100/1
When there is a multiplication of fractions, we can multiply numerator by numerator and denominator by denominator.
5*100 / 40*1
500 / 40
Thus we simplify as follows:
50/4
Lastly we convert the fraction into its complete form.
50/4 = 12.5
12.5%