Question

Cadbury Chocolate bar prices goes up from $0.70 to $1.20. Demand for Cadbury chocolate

bars drop from 117 customers to 111.

1. Work out the Percentage change in PRICE.
(answer to one decimal place)

Answer 1

Percentage change in price is 71.4%

Step-by-step explanation:

Here, we want to get the percentage change in price

Mathematically, that will be;

(new price - old price)/old price * 100%

new price = $1.20

old price = $0.70

% change will be ;

(1.20-0.70)/0.70 * 100%

= 0.5/0.7 * 100% = 71.4%