1) Since the original price was $250 we can write:
$ %
250------- 100
300 ------ x
2)
And then, we can cross multiply those ratios:
[tex]\begin{gathered} \frac{250}{300}=\frac{100}{x} \\ 250x=30000 \\ x=\frac{30000}{250} \\ x=120 \end{gathered}[/tex]So 300 corresponds to 120%, But since the question is what percentage was the price increased, Hence:
120-100= 20%
3) So the price was increased by 20