when the price of chain increased from 16.4 cents to 20.5 cents . What was the percent increase in the cost of chain.?
(20.5 - 16.4) / 16.4 = ________
Multiply the above answer by 100 to get the percent.
so 25?
Yes. 25%
To find the percent increase in the cost of the chain, we can use the formula:
Percent Increase = ((New Value - Old Value) / Old Value) * 100
In this case, the old value is 16.4 cents and the new value is 20.5 cents.
Plugging in these values into the formula, we get:
Percent Increase = ((20.5 - 16.4) / 16.4) * 100
Simplifying, we have:
Percent Increase = (4.1 / 16.4) * 100
Calculating this, we have:
Percent Increase = 0.25 * 100
Percent Increase = 25%
Therefore, the percent increase in the cost of the chain is 25%.