If a shirt selling for $ 18 is marked up to $20 then the percentage increased is equal to

Question

asked Aug 24, 2022 176k views

2 Answers

Bob Fanger · Answer 1 · 2022-08-27T09:32:51+0000

Answer: Percent increase = 11.11%

Concept:

Here, we need to know how to find the percentage of increase.

Percent increase is a measure of percent change, which is the extent to which something gains value.

Percent increase = [(final value - initial value) / initial value] × 100%

Solve:

Given information

Initial value = $18

Final value = $20

Given expression

Percent increase = [(final value - initial value) / initial value] × 100%

Substitute values into the expression

Percent increase = [(20 - 18) / 18] × 100%

Simplify values in the parentheses

Percent increase = [2 / 18] × 100%

SImplify by multiplication

Percent increase = 11.11 % (Rounded to the hundredth place)

Hope this helps!! :)

Please let me know if you have any questions