Question

5. The price of a can of soup was $0.64. The price increased to $0.72. What was the approximate percent increase in price? A4% B.8% C. 11% D. 13%

Answer 1

Answer

Option D is correct.

13%

Explanation

The percent increase in a value is given as

$\text{Percent Increase = }\frac{New\text{ price - Old Price}}{Old\text{ Price}}\times100\text{ percent}$

New price = $0.72

Old price = $0.64

$\begin{gathered} \text{Percent Increase = }\frac{0.72-0.64}{0.64}\times100\text{ percent} \\ =\frac{0.08}{0.64}\times100\text{ percent} \\ =\text{ 0.125 }\times100\text{ percent} \\ =12.5\text{ percent} \\ =13\text{ percent} \end{gathered}$

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