Answer:
the percent of increase is 11.8%
Step-by-step explanation:
Hello, I think I can help you with this
you can easily solve this by using a rule of three
if the prize tito paid is 100%, how many percent is $76?
if
$68.00 ⇒100%
$76.00 ⇒x%?
[tex]\frac{68}{100}=\frac{76}{x}[/tex]
isolating x
[tex]\frac{68}{100}=\frac{76}{x}\\ \\\frac{x*68}{100}=76\\\x=\frac{76*100}{68} \\\\x=\frac{7600}{68} \\x=111.76[/tex]
so, $76.00 is 111.76 % of $68
the percent of increase will be the difference
111.76%-100%=11.76%=11.8%
the percent of increase is 11.8%
I hope it helps , Have a great day