Question

Please help me out.. Describe situations in which you have heard a percent increase or percent decrease discussed. For example, you might mention hearing a report that school revenues have increased by five percent. Help me please :(

Answer 1

Kindly check explanation

Explanation:

Now assume an economic scenario whereby the market price of a certain goods has experienced inflation probably due to increased demand of the commodity. For instance, the market price of the nose masks and hand sanitizers went up by more than 25% at some time during the early stages of corona pandemic outbreak. This means that;

Sanitizer which were being sold at $5 before the pandemic sold for about (1 + 0.25) * $5 ; 1.25 * $25 = $6.25