Question

A gallon of milk cost
$2.79 in 2000. In 2015
it cost $3.98 what is the % portion

Answer 1

Given:

The milk cost  in year 2000 = $2.79

In 2015, the cost of milk = $3.98

To find:

The % portion.

Solution:

We have to find the % portion. It means, we need to find the change percent.

$\%\text{Change}=\dfrac{\text{New value - Initial value}}{\text{Initial value}}\times 100$

$\%\text{Change}=\dfrac{3.98-2.79}{2.79}\times 100$

$\%\text{Change}=\dfrac{1.19}{2.79}\times 100$

$\%\text{Change}=0.4265233\times 100$

$\%\text{Change}=42.65233\%$

$\%\text{Change}\approx 42.65\%$

Therefore, the % portion is 42.65%.