Question

Wal-Mart is selling cards for $2.75. They bought them for a dollar from the manufacturer. What is the percentage of increase in price?

Answer 1

175%

If you want to calculate the percentage increase in price, use the formula:

Percentage Increase = (New Price - Original Price) / Original Price x 100

In this case, the original price is $1 (the price of buying the cards) and the new price is $2.75 (the price of selling the cards). So, plugging these values into the formula:

Percentage Increase = (2.75 - 1) / 1 x 100 = 175%

The percentage increase in price is 175%.

Answer 2

The percentage of increase in price is 175%. To calculate this, you can subtract the cost price (in this case, $1) from the selling price ($2.75) to find the profit ($1.75). Then divide that profit by the cost price and multiply by 100 to express it as a percentage.

$2.75 - $1 = $1.75

$1.75/$1 * 100 = 175%