Question

The rate that The price increased from the original price to today

Answer 1

700%

Explanation:

The price increased from $0.30 to $2.40. What is the rate of increase, in percentage?

We can use the formula shown below:

`(New-Old)/(Old)*100`

Where

New Price is 2.40 and the Old Price is 0.30

We substitute and calculate:

`(New-Old)/(Old)*100\\(2.40-0.30)/(0.30)*100\\=7*100\\=700`

Hence,

Price increased 700%