Question

The price of eggs is projected to increase by 150% over the next year. A dozen eggs currently costs $1.80. What is the projected cost of a dozen eggs one year from now?

Answer 1

The cost is $4.5

Explanation:

Since the price is projected to increase by 150%,

Since a hundred percent increase means the price gets doubled,

and a 50% increase means multiplication of the price by 1.5

so for 150% we multiply the price by 2.5

so that it will go up by 2.5 times

so 1.80(2.5) = $4.5