Question

The market bought grapes for $0.87 a pound and sold them for $1.15 a pound. What is the percent of increase rounded to the nearest tenth?

Answer 1

If A is the buying value & B the selling value, then the increase =

Increase = (B-A)/A = (1.15 - 0.87)/0.87 = 0.3218 or 31.18%