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

1 answer

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%.