The price of a 340ml can of soft drink was increased from R6.15 to R6.35.calculate the percentage change or increase in the price of the soft drink
To calculate the percentage change in the price of the soft drink, we can use the formula:
Percentage Change = ((New Price - Old Price) / Old Price) x 100
New Price = R6.35
Old Price = R6.15
Percentage Change = ((6.35 - 6.15) / 6.15) x 100
Percentage Change = (0.20 / 6.15) x 100
Percentage Change = 0.0325 x 100
Percentage Change = 3.25%
Therefore, the price of the soft drink increased by 3.25%.