Question

In a budget, the price of an item went up from $20.00 to $24.00. What was the percentage increase in price?
Please give step by step explanation​

Answer 1

Answer:

20%

Step-by-step explanation:

Price increased = (24-20)= $4

Now,

For $20 the price increased $4

Therefore, For $1 the price increased $ (4/20) = $0.2

So, for $ 100 the price increased $ (0.2*100) = $20

So the final answer is: 20% price increased