Question

A seafood market sold shrimp for $10.50 per pound. Due to a seafood supply shortage the cost of shrimp increased to $12.60 per pound. What was the percentage of the price increase?

Answer 1

20%
12.6/10.5=1.2
This means that 12.6 is 120% of 10.5 and since 100% is 10.5, the extra twenty percent represents the increase in price
Hope it helps