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 3.75. Find the percentage increase. Round your answer to the nearest tenth of a percent.%
Solution
Sure, here are the steps to find the percentage increase:
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First, find the amount of the increase. You do this by subtracting the original price from the new price. So, 3.50 = $0.25.
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Next, you'll find the percentage increase. To do this, you divide the increase by the original price. So, 3.50 = 0.0714.
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To convert this number into a percentage, you multiply by 100. So, 0.0714 * 100 = 7.14%.
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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%.
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