Answers:
25%
13.33%
Explanation:
The percent of increase can be calculated using the following equation:
[tex]\text{ \% increase = }\frac{v_f-v_i}{v_i}\times100[/tex]Where vf is the final value and vi is the initial value.
So, with the new cost of $375, the percent increase is equal to:
[tex]\text{ \% increase =}\frac{375-300}{300}\times100=\frac{75}{300}\times100=25\text{ \%}[/tex]If the airline charges an additional $50 baggage fee, the final value will be equal to: $375 + $50 = $425
Then, the percent increase would be equal to:
[tex]\text{ \% increase = }\frac{425-375}{375}\times100=\frac{50}{375}\times100=13.33\text{ \%}[/tex]Therefore, the answers are 25% and 13.33%
