# Simple Math Problem

What percent increase is it from \$59,205 to \$60,245? Can you please tell me how you arrived at the answer? I have forgotten how to solve this math problem. Thank you for your help. -Nicole

### Comments for Simple Math Problem

 Dec 19, 2009 Percent Increase Calculation by: Staff Hello Nicole, To find the percent increase, or decrease:1. Find the initial value (the starting point). In this case the initial value is \$59,205.2. Find the final value (the end point). In this case the final value is \$60,2453. Find the difference between the two numbers by subtracting the initial value (the starting point) from the final value (the end point). In your problem, this would be \$60,245 - \$59,205 = \$1,040.4. Now, convert the difference to a percent – not just any percent, but the percent based on the initial value (the starting point). In your problem, divide the difference (\$1,040) by the initial value (\$59,205), then multiply the result by 100.(\$1,040/\$59,205) x 100 = 1.76 % (rounded to the nearest on hundredth)Staffwww.solving-math-problems.com