What is the percent increase in the price of a hair piece that rose from $500 to $550?

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To calculate the percent increase in price, you can follow these steps:

  1. Find the difference in price: Start by subtracting the original price from the new price. In this case, the difference is:

    2. New Price – Original Price = $550 – $500 = $50

  2. Calculate the percent increase: Next, take the difference you found and divide it by the original price, and then multiply by 100 to convert it into a percentage. The formula looks like this:

    3. Percent Increase = (Difference / Original Price) x 100

    Using our example:

    Percent Increase = ($50 / $500) x 100

    Percent Increase = 0.1 x 100

    Percent Increase = 10%

  3. Conclusion: Therefore, the percent increase in the price of the hair piece from $500 to $550 is 10%.

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