Question

The price of an item yesterday was $120 . Today the price rose to $276. Find the percentage of increase

Answer 1

130%

Explanation:

To find the percentage of increase, we can use the following formula:

% increase = [(new price - old price) / old price] × 100%

In this case, our new price is $276 and our old price is $120.

First, we find the difference between the two prices: $276 - $120 = $156

Then, we divide our answer by the old price: $156 / $120 = 1.3

Lastly, we multiply by 100% to get the percentage of increase: 1.3 × 100% = 130%

Therefore, the percentage of increase is 130%.

Answer 2

• 130%

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Find the difference in price:

• 276 - 120 = 156

Divide it by the initial price:

• 156/120 = 1.3

Convert the quotient into percentage:

• 1.3 = 1.3*100% = 130%