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The usual price of a bag was $48. Irene sold the bag to Samantha for $60.Find the percentage increase in price.

Question

The usual price of a bag was 48.IrenesoldthebagtoSamanthafor48. Irene sold the bag to Samantha for 60.Find the percentage increase in price.

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Solution

Step 1: Find the increase in price. This is done by subtracting the original price from the new price. So, 6060 - 48 = $12.

Step 2: To find the percentage increase, divide the increase in price by the original price. So, 12÷12 ÷ 48 = 0.25.

Step 3: To convert this to a percentage, multiply by 100. So, 0.25 x 100 = 25%.

Therefore, the percentage increase in price is 25%.

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