Question

A dozen eggs cost $0.96 in December 2000 and $2.75 in December 2015. The average wage for workers in private industries was $14.28 per hour in December 2000 and $21.26 in December 2015. By what percentage did the price of a dozen eggs rise?

(A) 65%
(B) 179%
(C) 186%

Answer 1

The correct answer is C.

Step-by-step explanation:

Giving the following information:

A dozen eggs cost $0.96 in December 2000 and $2.75 in December 2015.

To calculate the price variation between 2000 and 2015, we need to use the following formula:

Porcentaje change= [(P1 - P0)/P0]*100

Porcentaje change=[(2.75 - 0.96)/0.96]*100= 186%