Question

A dozen eggs cost $0.96 in December 2000 and $1.82 in December 2017. The average wage for workers in private industries was $14.28 per hour in December 2000 and $22.31 in December 2017.

By what percentage did the price of a dozen eggs rise?

a-47%
b-86%
c-90%

Answer 1

The price of a dozen eggs rose by approximately 89.58%.

Step-by-step explanation:

To find the percentage increase in the price of a dozen eggs, we need to calculate the difference in prices and then divide it by the initial price.

Step 1: Calculate the difference in prices: $1.82 - $0.96 = $0.86.

Step 2: Divide the difference by the initial price and multiply it by 100 to get the percentage: ($0.86 / $0.96) * 100 = 89.58%.

Therefore, the price of a dozen eggs rose by approximately 89.58%.