Question

ayden bought a fidget spinner for 4.99 last month now the price of the same fidget spinner has increased to 7.99 what is the approximate percent of increase in the price of the fidget spinner from last month to this month

Answer 1

Answer:
`60\%` approximately.

Explanation:

You need to use the following formula:

`Percent\ Increase=(New\ value-Old\ value)/(Old\ value)*100`

In this case, based on the information provided in the exercise, you can identify that:

`New\ value=7.99 \\\\Old\ value=4.99`

Then, knowing these values, you can substitute them into the formula and then evaluate, in order to find the approximate percent of increase in the price of the fidget spinner from last month to this month.

You get that this is:

`Percent\ Increase=(7.99-4.99)/(4.99)*100\\\\Percent\ Increase\approx60\%`