Question

The price of an item has risen to $387 today. Yesterday it was $180. Find the percentage increase

Answer 1

115%

Explanation:

Given that,

The initial price of an item = $180

The final price of an item = $387

We need to find the percentage increase. It can be calculated as follows :

`\%=\frac{\text{Change in price}}{\text{initial price}}* 100`

Put all the values,

`\%=(387-180)/(180)* 100\\\\=115\%`

So, the required percentage increase is 115%.