Percentage increase

If we are asked to increase a quantity by a certain percentage, we can follow these steps:

Finding the decimal multiplier

The decimal multiplier for a percentage increase can be found using the formula:

\text{decimal multiplier} = 1 + \left(\frac{\text{percentage increase}}{100}\right)

In other words, we convert the percentage increase to a decimal and then add 1 to it.

Finding the percentage increase

Once we’ve found the decimal multiplier, simply multiply the original quantity by the decimal multiplier to find the increased amount.

Example: Increase 120 by 15\%

Example: Increase 250 by 40\%

Example: Increase 80 by 12.5\%

Example: Increase 600 by 250\%

flashcards

QuestionAnswer
What is the formula for the decimal multiplier of a percentage increase?\text{decimal multiplier} = 1 + \left(\frac{\text{percentage increase}}{100}\right)
How do you find the decimal multiplier for a percentage increase in words?Convert the percentage increase to a decimal and then add 1 to it.
Once you have the decimal multiplier, how do you find the increased amount?Multiply the original quantity by the decimal multiplier.
Increase 120 by 15\%.Decimal multiplier: 1 + \frac{15}{100} = 1.15; Result: 120 \times 1.15 = 138
Increase 250 by 40\%.Decimal multiplier: 1 + \frac{40}{100} = 1.4; Result: 250 \times 1.4 = 350
Increase 80 by 12.5\%.Decimal multiplier: 1 + \frac{12.5}{100} = 1.125; Result: 80 \times 1.125 = 90
Increase 600 by 250\%.Decimal multiplier: 1 + \frac{250}{100} = 3.5; Result: 600 \times 3.5 = 2100