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The price of a notebook was $3.50 yesterday. Today, the price rose to $3.75. Find the percentage increase. Round your answer to the nearest tenth of a percent.%

Question

The price of a notebook was 3.50yesterday.Today,thepriceroseto3.50 yesterday. Today, the price rose to 3.75. Find the percentage increase. Round your answer to the nearest tenth of a percent.%

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Solution

Sure, here are the steps to find the percentage increase:

  1. First, find the amount of the increase. You do this by subtracting the original price from the new price. So, 3.753.75 - 3.50 = $0.25.

  2. Next, you'll find the percentage increase. To do this, you divide the increase by the original price. So, 0.25/0.25 / 3.50 = 0.0714.

  3. To convert this number into a percentage, you multiply by 100. So, 0.0714 * 100 = 7.14%.

  4. Finally, you round this number to the nearest tenth of a percent. So, the percentage increase in the price of the notebook is approximately 7.1%.

This problem has been solved

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