If the total income of a state increases by 50% and the population of the state increases by 20%, What is the percent change in per capita income for the state?	Choose the correct choice from the following choices: A) A net increase of 40% B) A net increase of 30% C) A net increase of 25% D) A net increase of 20% E) A net decrease of 20%
We're told that the total income of a state increases by 50% and the total population increases by 20%   To start:   Total Income = $100   Total Population = 100 people   $  100/100= 
<gadget id="calculator">  100/100</gadget>
<output>1</output>
$1 per person   After the increase:   New Total Income= $150   New Total Population = $120   $150/120 = $5/4 per person   The question asks for the percent increase in per capita income, which means that we need to use the Percentage A net increase of 25%hange Formula:   Percent A net increase of 25%hange = (New - Old)/Old   New = 5/4   Old = 1   (5/4 - 1)/1 = (1/4)/1 = 1/4 = 25% increase   A net increase of 25%
<result>C</result>
If the total income of a state increases by 50% and the population of the state increases by 20%, What is the percent change in per capita income for the state?