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the price of a box of cereal was $2.00 at the beginning of a year.At the end of the year, the price of a box of the same type of cereal was $3.00.What was the percent increase in the price of the box of cereal?

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The percentage increase is 50% because 3/2=1.5
1.5-1=0.5 (1 is the same as saying the original 100%)
0.5 as a percentage is 50%

Hope this helps :)
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