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Calculating the rate of increase in an algebraic word problem.

A manufacturer reports the production of 120,000 units in the third quarter of the year.
This is an increase of 15,000 units over production in the second quarter. What was
the rate of increase for the period?
a. 11.11%
b. 12.5%
c. 14.29%
d. 15%

Solution Preview

The present quantity = 120,000
Increase = 15,000

Therefore in the second ...

Solution Summary

The percent increase is calculated.

$2.19