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 (a dozen eggs rise?

a. 65%
b. 179%
c. 186%

Answer 1

%change= 186.46%

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 percentual change in ñrice, we need to use the following formula:

%change= [(price 1 - price 0)/ price 0]*100

%change= [(2.75 - 0.96)/0.96]*100= 186.46%