The price of a box of colored pencils increased from $8.00 to $8.48. What was the percent increase in the price?

TechnoTony asked Sep 28, 2023

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TechnoTony asked Sep 28, 2023

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Explanation:

100% = $8.00

1% = 100%/100 = 8/100 = $0.08

the price went up by $8.48 - $8.00 = $0.48.

how many % is this ?

as many % as 1% fits into this difference :

0.48 / 0.08 = 6%

the price increase was 6%.

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