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30 POINTS!!! PLZ HELP Mrs. Ferguson looked at another hotel. She waited a week before she decided to book nights at that hotel, and now the prices have increased. The original price was $1589. The price for the same room and same number of nights is now $2075. What is the percent increase? Round to the nearest percent. Show your work.

Verified Answer :

Easy, this is Markup. :D

Use these two formulas:

Markup= New-Original
and
Markup%=\(\frac{Markup}{Original} *100\)

Now, find the Markup, 

Markup=$2075-$1589=
M=$486

Now, find the Markup%,

Markup%= \(\frac{486}{1589}* 100\)
M%=0.305852738*100
M%=30.6 (rounded)

Thus, your answer is 30.6% increase.

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