Answer & Step-by-step explanation:
Yesterday, apples cost $2.00 per lb.
Today, apples cost $2.25 per lb.
What is the percent change in the price of apples from yesterday to today?
percent change = (new value - old value)/(old value) × 100%
percent change = ($2.25/lb - $2.00/lb)/($2.00/lb) × 100%
percent change = ($0.25/lb)/($2.00/lb) × 100%
percent change = 0.125 × 100%
percent change = 12.5%
Since the percent change is positive, the percent change is an increase.
Answer: The percent change is an increase of 12.5%.