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240 increased by 1% = 242.4

240 increased by 1 percent is 242.4. Step-by-step solution with the formula and worked example.

240 increased by 1% = 242.4
increased by %

Solution: 240 increased by 1 percent

Increase = 1% × 240 = 2.4
Result = 240 + 2.4 = 242.4

Step-by-step explanation

  1. Find the increase: 1% of 240 = 2.4.
  2. Add it to the original: 240 + 2.4 = 242.4.
  3. Shortcut: multiply by (1 + 1/100) = ×1.01.

Good to know

Shortcut: increasing by 1% is the same as multiplying by 1.01 (that is 100% + 1%). So 240 × 1.01 = 242.4 in a single step — handy for adding tax, interest or a markup.

Frequently asked questions

240 increased by 1 percent
240 increased by 1% = 242.4.

How is it calculated?
See the step-by-step solution above — it uses the standard percentage formula.

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