Concept explainers
For Exercises
A department store purchases sweaters wholesale for $16. The sweaters sell retail for $35. What is the percent increase to the nearest percent?
F.
G.
H.
To find : the percent increase to nearest percent and choose the correct answer.
F. 19% G. 46% H. 54% I. 119%
Answer to Problem 2STP
I. 119%
Explanation of Solution
Given information: A departmental store purchases sweaters wholesale for $16. The sweater sell retail for $35.
Calculation:
Original price of sweater=$16
New price of sweater=$35
The percent increase is
Thus, percent increase is 119%.
Chapter 2 Solutions
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