Question

If the price of beef rose from $8.72 per pound to $9.43 per pound, what is the percent of increase? Round to the nearest percent

Answer 1

8.1%

Explanation:

Step one:

given

initial price = $8.72 per pound

final price= $9.43 per pound

Required

the % increase

Step two:

% increase= (final-initial)/initial*100

substituting we have

`percent- increase= (9.43-8.72)/8.72*100\\\\percent- increase= 0.71/8.72*100\\\\percent- increase= 0.081*100\\\\percent- increase= 8.1%`