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A Playstation 5 gaming console is initially priced at $500 and the prices rises such that the new price is $550. What is the percent increase of the Playstation 5? Show all work, write answer using proper units.

Respuesta :

armandoalturas

Answer:

10%

Step-by-step explanation:

Percentage increases is given by the formula:

[tex]percentage \: increases = \frac{increases}{original \: value} [/tex]

Increases = $550 - $500 = $50

Original Value: $500

substitute the values into the formula

[tex]percentage \: increases = \frac{50}{500} \times 100[/tex]

= 10%

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