Answer:
18%
Step-by-step explanation:
We are given that the cost of a jacket increased from $95.00 to $112.10 and we are to find the percentage increase in the cost of the jacket.
We know that the formula of percentage increase if given by:
Percentage increase = (new value - initial value)/initial value × 100
So substituting the given values to get:
Percentage increase = [tex] \frac { 1 1 2 . 1 0 - 9 5 . 0 0 } { 9 5 . 0 0 } \times 1 0 0 [/tex] = 18%
