Question

The original price of a handbag was $45. The new price for the handbag now is $54. What is the percent of change?

Answer 1

20%

Step-by-step explanation:

Original Price = $45

New Price = $54

Since the new price is higher than the original price, we have a percentage increase.

Therefore:

`\begin{gathered} \text{Percentage Increase=}\frac{New\text{ Price-Original Pice}}{\text{Original Price}}*100 \\ =(54-45)/(45)*100 \\ =(9)/(45)*100 \\ =20\% \end{gathered}`

The percent change in the price is 20%.