Question

The cost of a jacket increased from $95.00 to $107.35. What is the percentage increase of the cost of the jacket?

A.
12.35%
B.
87%
C.
1.3%
D.
13%
​

Answer 1

D. 13%

Explanation:

Percentage Increase=[(New cost - Original cost)÷Original cost)]×100

where;

New cost=107.35, Original cost=95

Substituting we have,

Percentage Increase= [(107.35 - 95)÷95)]×100

Percentage Increase=(12.35÷95)×100

Percentage Increase=0.13×100

Percentage Increase=13%

Therefore the, Percentage Increase of the cost of the jacket is 13%