Question

Amanda is the manager of Gladrags. She just got a new shipment of jeans and is pricing them for the store to make money. Her invoice for the jeans

states that the jeans cost her store $20 per pair. Amanda marks the jeans up to sell for $55 per pair. Find the percent of change.
O 175% increase
O 175% decrease
O 17.5% increase
O 17.5% decrease

Answer 1

There is a 175% Increase.

Answer 2

To find the percent of change, we need to calculate the difference between the original price and the new price, and then divide this difference by the original price and multiply by 100%.

The difference between the original price of $20 and the new price of $55 is $55 - $20 = $35.

The percent of change is: ($35/$20) * 100% = 1.75 * 100% = 175%

Since the new price is higher than the original price, this is an increase. Therefore, the percent of change is a 175% increase. The correct answer is therefore

O 175% increase.