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A product's price increased from $150 to $180. What is the percentage increase i
A product's price increased from $150 to $180. What is the percentage increase in price?
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Q1
A product's price increased from $150 to $180. What is the percentage increase in price?
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Percentage increase = ((180 - 150) / 150) * 100 = (30 / 150) * 100 = 20%.
Questions & Step-by-step Solutions
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Q: A product's price increased from $150 to $180. What is the percentage increase in price?
Solution:
Percentage increase = ((180 - 150) / 150) * 100 = (30 / 150) * 100 = 20%.
Steps: 8
Show Steps
Step 1: Identify the original price of the product, which is $150.
Step 2: Identify the new price of the product, which is $180.
Step 3: Calculate the difference in price by subtracting the original price from the new price: 180 - 150.
Step 4: The difference in price is $30.
Step 5: Divide the difference by the original price: 30 / 150.
Step 6: The result of the division is 0.2.
Step 7: To find the percentage increase, multiply the result by 100: 0.2 * 100.
Step 8: The percentage increase is 20%.
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