A piece of gym equipment which cost 450 including vat last year is now selling at 500 excluding vat.

[math_celebrity]

A piece of gym equipment which cost 450 including vat last year is now selling at 500 excluding vat. Calculate the percentage increase.

Increase = (New Price - Old Price)/Old Price

Increase = (500-450)/450

50/450 = 0.1111

To get the percentage, multiply by 100
11.11%