Last year, Craig had 10 records.
Now, he has 12 records.
What is the percent increase?
The percent increase is given by
[tex]\%\: increase=\frac{\text{new value-old value}}{\text{old value}}\times100[/tex]In this case,
Old value = 10 records
New value = 12 records
[tex]\begin{gathered} \%\: increase=\frac{\text{new value-old value}}{\text{old value}}\times100 \\ \%\: increase=\frac{12-10}{10}\times100 \\ \%\: increase=\frac{2}{10}\times100 \\ \%\: increase=20 \end{gathered}[/tex]Therefore, there is a 20% increase in his record collection.
