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A local community college has announced that they will be raising tuition cost from $46 per unit to $56 per unit. Determine the percent increase intuition cause round your answer to the nearest tenth of a percent

Respuesta :

The percent increase is given by:

[tex]\frac{final-initial}{initial}*100[/tex]

In this case the final price is $56 and the initial price is $46; then we have:

[tex]\frac{56-46}{46}*100=21.7[/tex]

Therefore, the percent increase is 21.7%

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