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8 December, 11:07

The average cost per month of a 2 - bedroom apartment in Graysonwas $625 last year. This year, the average cost is $650. What is the percent of increase from last year to this year?

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  1. 8 December, 11:39
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    Average cost of a 2 bedroom apartment in Grayson last year = $625

    The average cost of the 2 bedroom apartment in Grayson this year = $650

    Increase in average cost of 2 bedroom apartment in Grayson = (650 - 625) dollars

    = 25 dollars

    Then

    Percentage increase in average cost = (25/625) * 100

    = 2500/625

    = 4 percent

    Average increase in price of the 2 bedroom apartment from last year to this year is 4%. I hope this is the answer you were looking for and the procedure is also clear to you.
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