Question

A farmer sells a 5 pound bag of potatoes for $7.28. Five years later the farmer sells a 5

pound bag of potatoes for $12.67. What is the percent increase? (Make sure you answer
is a percentage then round to the nearest hundredths place if needed)

Answer 1

Percent increase = (final/initial) • 100%

Percent increase = (12.67/7.28) • 100%

Percent increase = 174.0384615 %

Rounded = 174.04%