ACT SAT Prep How to calculate percent price increase

The video tutorial explains how to calculate a 25% increase in parking rates. It begins by introducing the problem of increasing a base rate of $130 by 25%. The tutorial then explains the concept of percentages using the part over whole method and demonstrates how to use cross multiplication to find the percentage of a number. It provides a detailed calculation of 25% of $130, resulting in an increase of $32.50. Finally, the tutorial shows how to add this increase to the original rate to determine the new monthly parking rate of $162.50.

What is the original monthly parking rate mentioned in the text?

How much is the percentage increase applied to the parking rate?

What calculation method is suggested for finding 25% of $130?

Explain the process of how to add the original rate and the increase to find the new rate.

What is the final new monthly parking rate after the increase?