Question

Your furniture-making company has a policy of increasing prices 3% per year to keep up with inflation, Last year your
luxury chairs were priced at $525. How much should they be priced at this year?
a) $525.00
b) $540,55
c) $540.75
d) $555.55

Answer 1

Answer:

$540.75

Explanation:

1) we need to find 3% of 525 and add that to 525

0.03*525=15.75

15.75+525=540.75

hope this helps!