Question

A price increases from $50 to $120. What is the percentage change?

Answer 1

Answer: 140%

Explanation:

From the question, we are informed that price increases from $50 to $120. The percentage change will be:

= (New price - Old price)/Old price × 100

= (120 - 50)/50 × 100

= 70/50 × 100

= 1.4 × 100

= 140%