Question

A store bought pants at a wholesale price of $15. They retail the pants for $45. What is the amount of change? What is the percent increase?

Answer 1

Answer: Amount of change : $30

percent increase : 200%

Explanation:

Hi, to answer this question we have to analyze the information given:

• Wholesale price: $15
• Retail price: $45

To obtain the amount of change we have to subtract the wholesale price to the retail price:

Mathematically speaking:

45 -15 = $30

For the percent increase, the amount of change (30) is some percent of the original price (15). So:

30 / 15 =2 (decimal form)

If we multiply it by 100, the percentage is:

200%