The price of a pencil box increase from $25 to 26.50. what is the percent increase in Price

Answer 1

To find the percent increase in price, use the formula:

Percent Increase = ((New Price - Old Price) / Old Price) x 100

Plugging in the values:

Percent Increase = (($26.50 - $25) / $25) x 100
Percent Increase = ($1.50 / $25) x 100
Percent Increase = 0.06 x 100
Percent Increase = 6%

Therefore, the percent increase in price is 6%.