Question

() Organic sugar used to be sold at a bulk price of $3.70 per pound. The price was recently increased by 20%. What is the current price per pound?

Answer 1

It is given that an item used to be sold for $3.70 per pound.

It is required to find the current price per pound if the price was increased by 20%.

A 20% increase in the price, $3.70 is calculated as:

$\frac{100+20}{100}\cdot3.70=\frac{120}{100}\cdot3.70=4.44$

Hence, the current price of the item is $4.44 per pound.

The current price of the item is $4.44 per pound.