Question

Last year, ginger cost $15 per kilogram. Due to a harvest shortage this year, the price of ginger has to increase by 15% per kilogram. Find the cost of ginger per kilogram this year.

Answer 1

Answer:    17.25 dollars

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Explanation:

15% of 15 = 0.15*15 = 2.25

The cost has increased by $2.25 which means the cost per kilogram is now 15+2.25 = 17.25 dollars

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As a slight shortcut, we can multiply the old cost (15) by the multiplier 1.15 to get the same result:

1.15*15 = 17.25

This method allows us to chain together many percentage increases, and it also allows us to include percentage decreases as well. Note how 1.15 is basically the result of 100% + 15% = 1.00+0.15 = 1.15