Step 1 :\( \text{Percent Increase} = \frac{\text{New Value} - \text{Old Value}}{\text{Old Value}} \times 100\% \)
Step 2 :\( \text{Percent Increase} = \frac{72 - 50}{50} \times 100\% \)
Step 3 :\( \text{Percent Increase} = 44\% \)