An item originally priced at $22 is raised to $25 based upon unanticipated demand.The addition to retail percentage is _____ percent.
A)10
B)12
C)14
D)16

Question

Quizplus · Accepted Answer

To find out the addition to retail percentage, we need to calculate the percentage increase in price.

The original price was $22 and the new price is $25.

The difference in price = $25 - $22 = $3

Now, we need to find out what percentage of the original price $3 represents:

Percentage increase = (difference in price / original price) x 100

Percentage increase = (3 / 22) x 100

Percentage increase = 13.64

Rounding to the nearest whole number, we get that the addition to retail percentage is 14 percent, which is option C.

An Item Originally Priced at $22 Is Raised to $25