Question

The cost of a pound of nails increased from $2.04 to $2.51. What is the percent of increase to the nearest whole-number percent?The percent of increaseis

Answer 1

In order to determine the percent of increase, proceed as follow:

Subtract 2.04 to 2.51:

2.51 - 2.04 = 0.47

Next, consider that the x percent of 2.04 is 0.47, then, you can write:

(x/100)*(2.04) = 0.47

by solving for x, you get:

x = (0.47/2.04)*(100)

x = 23

Hence, the percent of increase is approximately 23%