One year the postage rate for sending 1 ounce of mail first class was increased from 25 cents to 29 cents. The percent of increase in the 29 cent postage rate was most nearly?
what is (29-25)/25 all multiplied by 100, or 400/25?
29/25 * 100% = 116%
% increase = 116% - 100% =
I still dont get it can you show me how you got the answer please
To find the percent increase in the postage rate, we can use the following formula:
Percent Increase = (New Value - Initial Value) / Initial Value * 100
In this case, the initial value is 25 cents and the new value is 29 cents. Let's substitute these values into the formula:
Percent Increase = (29 cents - 25 cents) / 25 cents * 100
Simplifying the equation:
Percent Increase = 4 cents / 25 cents * 100
Now we can calculate the final result:
Percent Increase = 0.16 * 100
Percent Increase = 16%
So, the percent increase in the 29 cent postage rate compared to the 25 cent rate is approximately 16%.