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Work out the percentage change to 2 decimal places when a price of £8.95 is increased to £10.

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Answer:

The percentage change was of 11.73%.

Explanation:

The percentage change of the increase is given by the change multiplied by 100 and divided by the initial value.

Price of £8.95 is increased to £10.

Change: 10 - 8.95 = 1.05

Initial price: 8.95

1.05*100/8.95 = 11.73%

The percentage change was of 11.73%.

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