To determine the percentage increase, you can use the following formula:
Percentage Increase = (New Value - Old Value) / Old Value x 100
In this scenario, the old value is R12.58 and the new value is R13.28:
Percentage Increase = (13.28 - 12.58) / 12.58 x 100
Percentage Increase = 0.70 / 12.58 x 100
Percentage Increase = 0.0557 x 100
Percentage Increase = 5.57%
Therefore, the percentage increase in the price of petrol is 5.57%.
The price of petrol is increased from R12.58 per litre to R13.28 per litre. Determine the percentage increase in the price
1 answer
1 answer