Answer:
% of increase = 2.5%
Explanation:
The percentage of increase can be calculated using the following rule:
% of increase = (amount of increase / original amount) * 100
where:
amount of increase = new price - old price = 2.89 - 2.82 = $0.07
original amount = $2.82
Substitute in the equation to get the percentage of increase as follows:
% of increase = (0.07 / 2.82) * 100 = 2.4822 % which is approximately 2.5% to the nearest tenth
Hope this helps :)
