Question

Chevrolet raised the base price of its Volt by $1,200 to $32,500. What was the percent increase? (Round to the nearest tenth percent.)

Answer 1

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The answer is 2608.3% increase (rounded is 2608.3% increase).

Explanation:

The formula for percent change is:

Percent change = (change/original) * 100

First, you must calculate the change:

32,500 - 1,200 = 31,300

Then, you must put it over the original (the original is 1,200):

Percent change = (31,300/1,200) * 100

Finally, compute the percent change with division and multiplication:
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31,300/1,200 = 26.083   26.083 * 100 = 2608.3% increase