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A store's revenue increased from $80,000 to $96,000. What was the percent increase?

GRE · 2021 · quant slot 2
Question:
A store's revenue increased from $80,000 to $96,000. What was the percent increase?

Options

(A) 15%
(B) 16%
(C) 18%
(D) 20%
(E) 25%
Answer: (D) 20%

Explanation:
Percent increase = [(96,000 - 80,000)/80,000] × 100% = (16,000/80,000) × 100% = 20%.

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