Answer:
25% increase.
Step-by-step explanation:
The original price was $500
The new price is $625
Change in price = $625 - $500 = $125
Percentage change = (change in price ÷ original price) × 100
i.e % change = [tex]\frac{125}{500}[/tex] × 100 = 25%
This means that there was a 25% increase in price.
