Answer:
Step-by-step explanation:
The formula to approach this shall be:
( Final price - Initial price )/ Final price × 100/1 ............. 1
Hence for the snow shovels
Initial price = $241.50 for 7
Each will cost = $241.50/7
= $34.5
Final price for snow shovels
= $105.57 for 3 shovels
Each will cost = $105.57/3
= $35.19
Now considering the bags of salt
Initial price = $6.20 each
Final price = $39.06 for 6 bags
Each bag cost = $39.06/6
= $6.51
Now apply the formula in equation (1)
For snow shovels
($35.19- $34.5)/$34.5 × 100/1
= 0.69/34.5 × 100/1
= 0.02×100/1
= 2%
For bags of salt
($6.51-$6.20)/$6.20 ×100/1
0.31/6.20×100/1
0.05×100/1
= 5%
Hence from the above solution, we can now deduce that shovel increased by 2% while bags of salt went up by 5%.
