If the price of milk was $2.75 a litre and it is now $3.50 a litre, what is the percentage change in price?
A)13%
B)27%
C)75%
D)77%

Question

Quizplus · Accepted Answer

To find the percentage change in price, we can use the formula:

Percentage change = (new value - old value) / old value * 100%

Plugging in the values, we get:

Percentage change = ($3.50 - $2.75) / $2.75 * 100%
Percentage change = $0.75 / $2.75 * 100%
Percentage change = 0.2727 * 100%
Percentage change = 27.27%

Therefore, the percentage change in price is 27%. The best choice is B.

If the Price of Milk Was $2