If the price of a loaf of bread increases from $2 to $2.40, what is the percenta

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Question: If the price of a loaf of bread increases from $2 to $2.40, what is the percentage increase?

Options:

Correct Answer: 25%

Solution:

Percentage increase = ((2.40 - 2) / 2) * 100 = 20%

If the price of a loaf of bread increases from $2 to $2.40, what is the percentage increase?

If the price of a loaf of bread increases from $2 to $2.40, what is the percentage increase?

Step 1: Identify the original price of the loaf of bread, which is $2.
Step 2: Identify the new price of the loaf of bread, which is $2.40.
Step 3: Calculate the difference in price by subtracting the original price from the new price: 2.40 - 2 = 0.40.
Step 4: Divide the difference in price (0.40) by the original price (2): 0.40 / 2 = 0.20.
Step 5: Convert the result from Step 4 into a percentage by multiplying by 100: 0.20 * 100 = 20%.
Step 6: The percentage increase in the price of the loaf of bread is 20%.

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