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The price of an item has risen to $153 today. Yesterday it was $60. Find the percentage increase.

Question

The price of an item has risen to 153today.Yesterdayitwas153 today. Yesterday it was 60. Find the percentage increase.

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Solution

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

  1. First, you need to find the difference in price from yesterday to today. You do this by subtracting the old price from the new price. So, 153(todaysprice)153 (today's price) - 60 (yesterday's price) = $93.

  2. Next, you need to divide this difference by the old price to find the proportion of the increase. So, 93÷93 ÷ 60 = 1.55.

  3. Finally, to convert this proportion to a percentage, you multiply by 100. So, 1.55 x 100 = 155%.

So, the price of the item has increased by 155%.

This problem has been solved

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