The price of an item has risen to $153 today. Yesterday it was $60. Find the percentage increase.
Question
The price of an item has risen to $153 today.
Yesterday it was $60.
Find the percentage increase.
Solution
Sure, here are the steps to find the percentage increase:
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First, you need to find the difference in price from yesterday to today. You do this by subtracting the old price from the new price. So, 60 (yesterday's price) = $93.
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Next, you need to divide this difference by the old price to find the proportion of the increase. So, 60 = 1.55.
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Finally, to convert this proportion to a percentage, you multiply by 100. So, 1.55 x 100 = 155%.
So, the price of the item has increased by 155%.
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