Flashcard 7 - Math and Logic Flashcard Set for the CCAT
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Convert the percentage increase to a decimal, add it to \(1\), and multiply that sum by the original price.
Explanation:
Price increases are typically calculated in percentages. Before computing the new price, we need to convert the percentage increase to a decimal by dividing the percent by \(100\). The process for finding the new price can be expressed by the following formula, where \(n\) is the new price, \(o\) is the original price, and \(p\) stands for the percentage increase (as a decimal):
\[n=o(1+p)\]All Flashcard Sets for the CCAT are now available as downloadable PDFs