Question

the price of tacos is 3.00 but then it increased by 0.50 what is the percent of change

Answer 1

To calculate the percent change in the price of tacos, you can use the formula:

\[
\text{Percent Change} = \left( \frac{\text{New Price} - \text{Old Price}}{\text{Old Price}} \right) \times 100
\]

1. **Old Price** = $3.00
2. **Increase** = $0.50
3. **New Price** = $3.00 + $0.50 = $3.50

Now, plug the values into the formula:

\[
\text{Percent Change} = \left( \frac{3.50 - 3.00}{3.00} \right) \times 100
\]

\[
\text{Percent Change} = \left( \frac{0.50}{3.00} \right) \times 100
\]

\[
\text{Percent Change} \approx 0.1667 \times 100 \approx 16.67\%
\]

So, the percent change in the price of tacos is approximately **16.67%**.