Question

Penny gets$25 for pocket money,she is given an increase of $5 what is the percentage of increase in pocket money

Answer 1

In the above question , the following information is given -

Penny initially gets $25 for pocket money .

Now , her pocket money is increased by $ 5 .

To find -

What is the percentage of increase in pocket money .

Solution -

Initial Pocket Money ( P ) -

=> $ 25

Increase ( ∆ P ) -

=> $ 5

Required increase -

=> ( ∆ P / P ) × 100%

=> ( 5 / 25 ) × 100%

=> 20% .

Thus , her pocket money is now increased by 20% .

This is the required answer .

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