The price of a cup of coffee was $2.20 yesterday. Today, the price rose to $2.35. Finally percentage increase. Round your answer to the nearest 10th of a percent.
To find the percentage increase, you need to follow these steps:
1. Calculate the difference in price.
2. Divide the difference by the original price.
3. Multiply the result by 100 to get the percentage.
Applying this to your question:
1. Difference in price = New price - Old price
Difference = $2.35 - $2.20
Difference = $0.15
2. Divide the difference by the original price:
Percentage increase = ($0.15 / $2.20) * 100
3. Calculate the percentage:
Percentage increase = (0.06818181818…) * 100
Percentage increase = 6.8181818181…
Rounded to the nearest 10th of a percent:
Percentage increase ≈ 6.8%
The price of a cup of coffee has increased by approximately 6.8%.