Question

In January the price of a kilogram of brand X rice was $7.60.In May the price of a kilogram of Brand X rice became $8.80.Find the percent increase in price.

Answer 1

15.79% is the percent increase in price

Explanation:

As per the given statement: In January the price of a kilogram of brand X rice was $7.60.

⇒ Price of brand X in January = $7.60

Also, it is given that in May the price of a kilogram of Brand X rice became $8.80.

⇒ Price of brand X in May = $8.80

Increase in price = $8.80 - $7.60 = $1.20

To find the percent increase in price;

`Percent increase in price =(Increase in price)/(Price of X in January) * 100`

=
`(1.20)/(7.60) * 100 = 15.79\%`

Therefore, the percent increase in price approx. is, 15.79%