Question

2. An item used to sell for seventy-five cents a pound, and you see that it's been marked up to

eighty-one cents a pound. What is the percent increase?

Answer 1

It is not 4%. The answer is 8%

Explanation:

First subtract .75 from .81 and you get the difference between the two prices .06 cents. Now use the formula % = (amount of increase)/(original amount) * 100.

Substitute and you get X = .06/.75 * 100

X = 6/.75 (.06 * 100 = 6)

X = 8

8%

Answer 2

4%

Explanation: