Question

The price of a 25kg bag of rice in December 2022 was $150. In March 2023, the price increased by 20%. Calculate the new price of the rice.

Answer 1

Answer: The new price of the rice in March 2023 was $180.

Step-by-step explanation:

> 20% of $150 is 0.20 ($150) = $30

> The price of the rice increased by $30, so the new price is:

> $150 + $30 = $180

Therefore, the new price of the rice in March 2023 was $180.

Answer 2

To calculate the new price of rice after a 20% increase, first calculate 20% of the original price which is $30, and then add it to the original price of $150 to get the new price of $180.

Step-by-step explanation:

The student has asked for a simple percent increase problem which can be solved by calculating 20% of the original rice price and then adding it to the original price to get the new price after the increase. Here are the steps to find the new price of the 25kg bag of rice:

1. Find 20% of the original price: 20% of $150 = 0.20 × $150 = $30.
2. Add the increase to the original price to get the new price: New price = Original price + Increase = $150 + $30 = $180.

Therefore, after a 20% price increase, the new price of a 25kg bag of rice in March 2023 is $180.