Question

OK i have a problem i have to find the percentage that the price went up so i have .57 cents and then it went up to 62 cents show me how to do this please help

Answer 1

Answer:

The price went up by 8.77%

Step-by-step explanation:

Let

57 cents be "old value" and 62 cents be the "new value"

Percentage increase is always given by:

Percentage Increase = $\frac{new-old}{old}*100$

Substituting these values into the formula gives us:

$\frac{new-old}{old}*100\\=\frac{62-57}{57}*100\\=0.0877*100\\=8.77$

Hence the price went up by 8.77%