The price of petrol is increased from R12.58 per litre to R13.28 per litre. Determine the percentage increase in the price
To determine the percentage increase, you can use the following formula:
Percentage Increase = (New Value - Old Value) / Old Value x 100
In this scenario, the old value is R12.58 and the new value is R13.28:
Percentage Increase = (13.28 - 12.58) / 12.58 x 100
Percentage Increase = 0.70 / 12.58 x 100
Percentage Increase = 0.0557 x 100
Percentage Increase = 5.57%
Therefore, the percentage increase in the price of petrol is 5.57%.
To determine the percentage increase in the price of petrol, we can use the following formula:
Percentage Increase = ((New Price - Old Price) / Old Price) * 100
Given:
Old Price = R12.58
New Price = R13.28
Calculating the percentage increase:
Percentage Increase = ((13.28 - 12.58) / 12.58) * 100
= (0.70 / 12.58) * 100
= 0.05567867036 * 100
≈ 5.57%
Therefore, the price of petrol increased by approximately 5.57%.
To determine the percentage increase in the price of petrol, you can use the following formula:
Percentage Increase = [(New Price - Old Price) / Old Price] * 100
In this case, the old price of petrol is R12.58 per litre, and the new price is R13.28 per litre.
Let's substitute these values into the formula:
Percentage Increase = [(13.28 - 12.58) / 12.58] * 100
Simplifying the calculation:
Percentage Increase = (0.70 / 12.58) * 100
Percentage Increase = 0.0557 * 100
Percentage Increase ≈ 5.57%
Therefore, the price of petrol has increased by approximately 5.57%.