Answer :
Answer:
The price of an item has risen to $216 today. Yesterday it was $160. The percentage increase is 35%
Solution:
Yesterday, the price of the above mentioned item was $160
Today, the price of the same item has risen to become $216
Thus, percentage increase is price is given as
[tex]P \%=\frac{\text { Difference in price }}{\text { Old price }} \times 100[/tex]
Thus, percentage increase in this case is
[tex]P \%=\frac{\$ 216-\$ 160}{\$ 160} \times 100[/tex]
[tex]=\left(\frac{56}{160}\right) \times 100[/tex]
[tex]0.35 \times 100 = 35[/tex]
So, the percentage increase in the item of the price from what it was yesterday to what it had risen today is equal to 35%
The percentage increase is 35%.