Question

EASY POINTS!

The price of a hot dog 45 years ago was $0.75. Today, the price has increased by 220%.
What is the price of a hot dog today? If this percent increase stays the same, what will
be the price of a hot dog in another 45 years?

Answer 1

$7.50

Explanation:

The price of a hot dog today is $0.75 * (1 + 220%) = $2.38.

In another 45 years, the price will be $2.38 * (1 + 220%) = $7.50.