Question

The price of a can of green beans is raised from $0.50 to $0.60. What is the percent increase in the price of the can of green beans?

Answer 1

20%

Explanation:

Here, we want to calculate the percentage increase in the price of a can of green beans

Mathematically, we use the formula below;

(new price - old price)/old price * 100%

From the question;

old price = $0.50

new price = $0.60

So we have;

(0.6-0.5)/0.5 * 100%

= 0.1/0.5 * 100%

= 20%