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If you have an item that is $10.00 and its increased to $15.00 the price increase is 50%. There's a few ways to determine the answer but what I find the easiest is:
New price $15.00
Old Price $10.00
Subtract
Difference $5.00
Divide $5/$10 = 0.5
Move decimal over 2 places from left to right and place a percent sign 0.5 50%
I hope this helps.
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Continue Learning about Math & Arithmetic
What is the percent of change as an increase or a decrease if the original price is 650 and the new price is 806?
650 to 806 is an increase of 24%
Which percent of change best reflects a price increase from 40 to 45?
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A 10 percent increase in the price of sugar reduces sugar consumption by about 5 percent The increase causes households to?
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What do you think has AA greater effect on the consumer price index a 10 percent increase in the price of chicken or a 10 percent of caviar.why?
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What is the price elasticity for a good when there is a 10 percent decrease in price which results in a 2 percent increase in quantity demanded?
2/10=0.2 <1 the good is price inelastic
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