At a healthy foods store in Yardley, organic sugar used to retail for $4 per pound. The price was recently increased to $5 per pound. What is the percent of increase in the price of this item?

Answer 1

To calculate the percent increase in price, we first find the difference between the new price and the old price, and then divide that difference by the old price.

Old price: $4 per pound
New price: $5 per pound

Difference in price = New price - Old price
= $5 - $4
= $1

Percent increase = (Difference in price / Old price) * 100%
= ($1 / $4) * 100%
= 0.25 * 100%
= 25%

Therefore, the percent increase in the price of organic sugar is 25%.