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JulsSmile [24]
3 years ago
11

A dozen eggs cost $0.88 in january 1980 and $2.11 in january 2015.

Business
1 answer:
Lera25 [3.4K]3 years ago
6 0
Initial price = $0.88 (Jan. 1980)
Final price = $2.11 (Jan. 2015)

Change in price = $2.11 - $0.88 = $1.23
Percentage rise in price = 100(1.23/0.88) = 139.8% ≈ 140%
The average yearly rise in price = 139.8/(2015-1980) ≈ 4%

Answer:
Total percent rise in price = 140%
Average yearly rise in price = 4%
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