Question

After flooding damaged much of the crop, the cost of lettuce jumped from $0.66 to $1.44. What % of increase is this?

Answer 1

To establish the percentage of increase in the price, first, we need to know how much it increased exactly:

`\text{Inrease}=1.44-0.66=0.78`

The increase in cost was $0.78. To establish the percentual increase, we need to know what percentage is 0.78 of the initial value (0.66). We can calculate it by dividing the increase (0.78) by the initial value (0.66):

`(0.78)/(0.66)=1,1818`

This means that the increase in cost is 1.1818 times the initial cost. Therefore, the percentage of increase is approximately 118.18%.