Question

"The last time I bought this product, it cost $20.00 but it looks like it costs $29.60 today. Why such a large increase?"

Answer 1

Answer:

The company decided to increase the price by $9.60, or by 48%.

Step-by-step explanation:

To measure the price difference in dollars is simple, just subtract the old price from the new one:

$29.60 - 20 = 9.60$

Divide the price change by the old price to find the price increase in percentage:

$9.60 \div 20 = 0.48 \\ 0.48 \times 100\% = 48\%$