Question

.Nike sells a sweatshirt for $65. They paid $40 for the sweatshirt from the factory. Find the PERCENT of INCREASE in the price.

Answer 1

To find the percent increase in price, we need to calculate the difference between the original price and the new price, and then express that difference as a percentage of the original price.

The original price of the sweatshirt was $40, and the new price is $65, so the difference is:

$65 - $40 = $25

To express this as a percentage of the original price, we divide the difference by the original price and multiply by 100:

($25 / $40) x 100% = 62.5%

Therefore, the percent increase in the price of the sweatshirt is 62.5%.