The price of an item increased by 2.5%.The original price of the item was $30.What is the new price?Question response areaSelect one option$30.75$33.00$32.50$37.50
Question
The price of an item increased by 2.5%.The original price of the item was 30.7532.50$37.50
Solution
To find the new price after a percentage increase, you can follow these steps:
- Convert the percentage increase to a decimal. In this case, 2.5% becomes 0.025.
- Multiply the original price by the decimal. So, 0.75. This is the amount of the increase.
- Add the increase to the original price. So, 0.75 = $30.75.
So, the new price of the item is $30.75.
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