Question

The price of a four-star dinner was $100 two decades ago. A report says that a dinner is 250% of what it was 20 years ago, how much would it cost today?

Answer 1

To find the current cost of the four-star dinner, multiply the original cost by 250% and add it to the original cost, which results in $350 today.

Step-by-step explanation:

To calculate the cost of a four-star dinner today, which was $100 two decades ago, based on a reported 250% increase, we use the following mathematical expression:

Cost of Dinner Today = Original Cost + (Original Cost × Percentage Increase)

In this case:

Cost of Dinner Today = $100 + ($100 × 2.50)

Cost of Dinner Today = $100 + $250

Cost of Dinner Today = $350

So, a four-star dinner that cost $100 two decades ago would cost $350 today if the price has increased to 250% of the original cost.

Answer 2

The dinner will cost $250 today.

Explanation

The price of a four-star dinner was $100 two decades ago and now the cost of the dinner is 250% of what it was 20 years ago.

So for finding the current cost, we will find 250% of $100 .

First we need to make 250% as decimal form after dividing it by 100. So....

250% =
`(250)/(100)= 2.50`

Now we will multiply this 2.50 with $100 for getting the current cost of the dinner.

Thus, the current cost
`=(100* 2.50)dollar = 250 dollar`