Question
A bag of rice cost #480 by August, by December it was sold for 20% more. What is the new price now?
Answers
GPT-4o mini
To find the new price of the bag of rice in December after a 20% increase, you can use the following calculation:
1. **Find 20% of the original price:**
\[
20\% \text{ of } 480 = \frac{20}{100} \times 480 = 0.2 \times 480 = 96
\]
2. **Add the 20% increase to the original price:**
\[
\text{New Price} = \text{Original Price} + \text{Increase} = 480 + 96 = 576
\]
So, the new price of the bag of rice in December is **#576**.
1. **Find 20% of the original price:**
\[
20\% \text{ of } 480 = \frac{20}{100} \times 480 = 0.2 \times 480 = 96
\]
2. **Add the 20% increase to the original price:**
\[
\text{New Price} = \text{Original Price} + \text{Increase} = 480 + 96 = 576
\]
So, the new price of the bag of rice in December is **#576**.