Answer:
The answer is 3%
Step-by-step explanation:
To find the percentage increase we use the formula
[tex]Percentage \: change = \frac{ change}{original \: quantity} \times 100[/tex]
To find the change subtract the smaller quantity from the bigger one
From the question
original price = $24,600
Current price = $ 25,338
Change = $25,338 - $ 24,600
Change = $ 738
So the percentage increase is
[tex] \frac{738}{24600} \times 100[/tex]
[tex] = \frac{3}{100} \times 100[/tex]
We have the final answer as
Percentage increase = 3%
Hope this helps you
