Question

Grocery prices are expected to increase 4% during the next year. Approximately how much will a family which now spends $159.50 a week for groceries have to pay at the increased rate?

Answer 1

$165.88

Explanation:

$159.50 * 4% is the same as $159.50 * 0.04 = $6.38

$159.50 + $6.38 =165.88

Answer 2

$166.15

Explanation:

159.5/0.96 ≈ 166.15