Question

A product goes from $25 to $27 in price.

The product has a percent increase of _____.



7.4%

8%

74%

80%

Answer 1

the price was increased by 8% 27/25 = 0.8%

Answer 2

8% 27/25 witch would equal to 0.8 so the answer is b. 8%

Answer 3

(INCREASE IN PRICE / INITIAL PRICE)*100
(2/25)*100 = 8%