Question: A shirt originally costs $40 and is now priced at $50. What is the percent increase in price? What is the percent increase?
A. 20%
B. 25%
C. 30%
D. 35%
Solution:
Calculate the percent increase: Percent Increase = New Price−Old Price/Old Price × 100
Percent Increase = 50−40/40 × 100
Percent Increase = 10⁄40 × 100 = 25%
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