The usual price of a book was $20. Miko sold the book to Elsa for $23.60.Find the percentage increase in price.
Question
The usual price of a book was 23.60.Find the percentage increase in price.
Solution
Sure, here are the steps to find the percentage increase in price:
Step 1: First, we need to find the increase in price. We do this by subtracting the original price from the new price. So, 20 = $3.60.
Step 2: Next, we need to find the percentage increase. We do this by dividing the increase in price by the original price. So, 20 = 0.18.
Step 3: Finally, we convert this decimal to a percentage by multiplying by 100. So, 0.18 * 100 = 18%.
Therefore, the percentage increase in price is 18%.
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