How much will I spend on textbooks this year when costs increase by a percentage?
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Textbook expenses increased by % compared to the previous year. If I spent $ on them last year...
How much will I spend this year?
Type of calculation: Calculating the value after a percentage increase.
Calculator usage:
Step 1: Calculate the expense increase amount. Use the Basic Percentage CALCULATOR ("What is X% of Y?"). Enter the percentage increase as X (8) and last year's expenses as Y ($500). The calculator will calculate 8% of $500.
Step 2: Add the increase amount calculated in Step 1 to last year's expenses.
Explanation using a formula:
We are looking for this year's expense amount after an 8% increase from $500.
Amount of increase = (8 / 100) × $500 = 0.08 × $500 = $40
Expenses this year = $500 + $40 = $540
Calculator usage:
Step 1: Calculate the expense increase amount. Use the Basic Percentage CALCULATOR ("What is X% of Y?"). Enter the percentage increase as X (8) and last year's expenses as Y ($500). The calculator will calculate 8% of $500.
Step 2: Add the increase amount calculated in Step 1 to last year's expenses.
Explanation using a formula:
We are looking for this year's expense amount after an 8% increase from $500.
Amount of increase = (8 / 100) × $500 = 0.08 × $500 = $40
Expenses this year = $500 + $40 = $540
Answer: You will spend $ this year.