If the price of an item increases from $50 to $60, what is the percentage increase?

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Multiple Choice

If the price of an item increases from $50 to $60, what is the percentage increase?

To determine the percentage increase in price from $50 to $60, follow these steps: 1. Calculate the increase in price: Subtract the original price ($50) from the new price ($60). \[ 60 - 50 = 10 \] This means the price increased by $10. 2. To find the percentage increase, divide the increase by the original price and then multiply by 100 to convert it to a percentage: \[ \text{Percentage Increase} = \left( \frac{\text{Increase}}{\text{Original Price}} \right) \times 100 = \left( \frac{10}{50} \right) \times 100 \] \[ = 0.2 \times 100 = 20\% \] Therefore, the correct answer, indicating a 20% increase, reflects the proper calculation of how much the price has grown relative to the original price. Understanding this concept of calculating percentage changes is critical in various real-life applications, such as assessing price changes, discounts, or profit margins.

To determine the percentage increase in price from $50 to $60, follow these steps:

  1. Calculate the increase in price: Subtract the original price ($50) from the new price ($60).

[

60 - 50 = 10

]

This means the price increased by $10.

  1. To find the percentage increase, divide the increase by the original price and then multiply by 100 to convert it to a percentage:

[

\text{Percentage Increase} = \left( \frac{\text{Increase}}{\text{Original Price}} \right) \times 100 = \left( \frac{10}{50} \right) \times 100

]

[

= 0.2 \times 100 = 20%

]

Therefore, the correct answer, indicating a 20% increase, reflects the proper calculation of how much the price has grown relative to the original price. Understanding this concept of calculating percentage changes is critical in various real-life applications, such as assessing price changes, discounts, or profit margins.

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