Question

The CD Warehouse purchases CDs for $6 each and sells them for $9 each. What is the percent increase in the price?

Answer 1

There was a 50 percent increase in price

Explanation:

To get the percentage increase in price, we will have to apply this formula:

(New price - original price)/ (Original price) X 100

From our question, we have that new price = $9

Original price = $6

Percentage change in price =
`(9-6)/(6) * 100 =50 %`

Hence, this means that there was a 50 percent increase in price if a CD bought for $6 was sold for $9