Question

() Organic sugar used to be sold at a bulk price of $3.70 per pound. The price was recently increased by 20%. What is the current price per pound?

Answer 1

It is given that an item used to be sold for $3.70 per pound.

It is required to find the current price per pound if the price was increased by 20%.

A 20% increase in the price, $3.70 is calculated as:

`(100+20)/(100)\cdot3.70=(120)/(100)\cdot3.70=4.44`

Hence, the current price of the item is $4.44 per pound.

The current price of the item is $4.44 per pound.