215k views
0 votes
Last summer tomatoes cost $.65 per pound. In November tomatoes cost $1.15 per pound. Find the percent of increase in the price.

User Jukben
by
8.0k points

1 Answer

4 votes

In the span from last summer to November, the price of tomatoes increased by 76.92%. This percentage increase was calculated by finding the difference between the two prices (November - Last summer) and dividing it by the initial price (Last summer).

The price of tomatoes rose from $.65 per pound last summer to $1.15 per pound in November. To calculate the percentage increase, the formula is:

[(New Value - Original Value) / Original Value] * 100

Substituting the given values, the calculation

[(1.15 - 0.65) / 0.65] * 100

[0.50 / 0.65] * 100 = 76.92%

Therefore, the percent increase in the price of tomatoes during this period was 76.92%.

This means that the cost of tomatoes nearly doubled over the specified period. The percentage increase provides a quantitative measure of the price change, allowing consumers and analysts to gauge the extent of the rise.

User Agjmills
by
7.4k points

No related questions found