A book's price is increased from $15 to $18. What is the percentage increase in

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Question: A book\'s price is increased from $15 to $18. What is the percentage increase in the price?

Options:

Correct Answer: 20%

Solution:

Percentage Increase = ((New Price - Original Price) / Original Price) * 100 = ((18 - 15) / 15) * 100 = (3 / 15) * 100 = 20%.

A book's price is increased from $15 to $18. What is the percentage increase in the price?

A book's price is increased from $15 to $18. What is the percentage increase in the price?

Step 1: Identify the original price of the book, which is $15.
Step 2: Identify the new price of the book, which is $18.
Step 3: Calculate the difference between the new price and the original price: 18 - 15 = 3.
Step 4: Divide the difference by the original price: 3 / 15.
Step 5: Calculate the result of the division: 3 / 15 = 0.2.
Step 6: Convert the result into a percentage by multiplying by 100: 0.2 * 100 = 20%.
Step 7: The percentage increase in the price is 20%.

Percentage Increase – The calculation of how much a value has increased in relation to its original value, expressed as a percentage.