Answer :
The percent increase is: 13.8%
Step-by-step explanation:
The percent increase is given by:
[tex]Percent\ increase=\frac{Increase}{Original\ price}*100[/tex]
Where
[tex]increase= New\ price - Old\ price[/tex]
Here
New price = $2.48
Old Price = $2.18
So,
[tex]Increase = 2.48 - 2.18\\= 0.3[/tex]
[tex]Percent\ increase = \frac{0.3}{2.18} * 100\\=0.1376*100\\=13.76\%[/tex]
Rounding off to nearest tenth
[tex]13.8\%[/tex]
The percent increase is: 13.8%
Keywords: Percent increase, Change
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