The production of 25 kg of wheat went up from $250to $320.find the percentage increase in its price per 25 kg
Answers
Answer:
28%
Step-by-step explanation:
increase increase per cent is equal to difference of the two quantity× 100 divided by original value
320-250=70
70×100/250
7000/250 = 28
The percentage increase is 28%.
Given,
The initial production cost of 25 kg of wheat = $250
The final production cost of 25 kg of wheat = $320
To Find,
The percentage increase in its price per 25 kg =?
Solution,
The increase in the production cost of 25 kg of wheat = Final cost - Initial cost
The increase in the production cost of 25 kg of wheat = 320 - 250
The increase in the production cost of 25 kg of wheat = $70
The percentage increase = [(Increase in cost) / Initial cost] x 100
The percentage increase = (70/250) x 100
The percentage increase = 28%
Hence, the percentage increase in its price per 25 kg is 28%.