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fgiga [73]
2 years ago
8

Suppose consumers buy 50 million packs of cigarettes per month at a price of $5 per pack. If a $1 tax is added to that

Business
1 answer:
olganol [36]2 years ago
4 0

Answer:

Percentage change= 20%

Explanation:

Giving the following information:

Selling price before tax= $5

Tax= $1

Selling price after tax= $6

<u>To calculate the percentage increase, we need to use the following formula:</u>

<u></u>

Percentage change= [(Selling price after tax - Selling price before tax)/Selling price before tax]*100

Percentage change= [(6 - 5)/5]*100

Percentage change= 20%

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