Question

The cost of a DVD box set increased from $30-$35 a student says that his represents a 5% increase in price explain the students air what is the actual percent increase

Answer 1

$12000035 is the wrong answer for sure

Answer 2

`16.666\%`

Explanation:

Initial cost = $30

New cost = $35

Change in cost = 35-30=$5

Percentage increase =
`\frac{change}{\text{Original price}} * 100`

Percentage increase =
`(5)/(30) * 100`

Percentage increase =
`16.666\%`

Hence the actual percent increase is
`16.666\%`