The price of 1 kg of beans was $15 in the month of June. The price of beans increased to $17 by the month of July. Calculate the percentage increase in the cost of beans from June to July.
The price of 1 kg of beans was $15 in the month of June. The price of beans increased to $17 by the month of July. Calculate the percentage increase in the cost of beans from June to July.
Your question was – The price of 1 kg of beans was $15 in the month of June. The price of beans increased to $17 by the month of July. Calculate the percentage increase in the cost of beans from June to July.
Right?
It’s a very easy question for me please read my explanation of your question for better understanding.
According to the question,
Price of 1kg of beans in the month of June = $15
Price of 1kg of beans in the month of July = $17
Total increase in the price of beans from June till July in terms of $ = $2
We have to increase in terms of percentage.
Let this value be ‘x’.
∴ x% of 15 = 2
∴ 15 * x/100 = 2
∴ 15 * x = 100 * 2 = 200
∴ x = 200/15
∴ x = 13.33
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