Question

A store bought a shirt for $20 dollars.

They sold it for some $23 dollars.
What is the percent of change here?

Answer 1

`\mathrm {Hey, there!}`

Thanks for posting your question! Let's solve your problem:

The answer to your question is: 280% increase!

When we do percent of change, we will set up this ratio.

CHANGE IN QUANTITY (23 - 20)

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ORIGINAL QUANTITY (3)

The change in quantity is : 23 - 20

The original quantity would be 3, 23 - 20 = 3.

Now, we will convert that into a fraction.

20 / 2 = 10

23 - 20 = 3

Fraction - 3/10

Make the fraction into a decimal.

3/10 = 0.15

Make the decimal into the percent.

0.15 = 15% increase

Best of Luck!