the price of bread has increased from R12 to R15. calculate the percentage increase
To calculate the percentage increase in the price of bread, we can use the formula:
Percentage increase = ((New Price - Old Price) / Old Price) x 100
Given:
Old Price (OP) = R12
New Price (NP) = R15
Percentage increase = ((15 - 12) / 12) x 100
Percentage increase = (3 / 12) x 100
Percentage increase = 0.25 x 100
Percentage increase = 25%
Therefore, the percentage increase in the price of bread is 25%.