Question

The cost of a jacket increased from $95.00 to $112.10. What is the percentage increase of the cost of the jacket?

Answer 1

18%

Explanation:

We are given that the cost of a jacket increased from $95.00 to $112.10 and we are to find the percentage increase in the cost of the jacket.

We know that the formula of percentage increase if given by:

Percentage increase = (new value - initial value)/initial value × 100

So substituting the given values to get:

Percentage increase =
`\frac { 1 1 2 . 1 0 - 9 5 . 0 0 } { 9 5 . 0 0 } * 1 0 0` = 18%