Question

trevor operates a bakery and noted the expenses for flour in two consecutive months. in january, the flour cost $120. in february, he spent $154.80 on flour. what is the percent increase in expenses for flour from january to february? 0.29% 29% 0.22% 22.5%

Explanation:

Step1: Identify the formula for percent - increase

Percent increase=$\frac{\text{New value}-\text{Old value}}{\text{Old value}}\times100\%$

Step2: Determine the old and new values

The old value (January expense) is $120$, and the new value (February expense) is $154.80$.

Step3: Calculate the difference

$154.80 - 120=34.80$

Step4: Calculate the percent - increase

Percent increase=$\frac{154.80 - 120}{120}\times100\%=\frac{34.80}{120}\times100\%$
$\frac{34.80}{120}=0.29$, and $0.29\times100\% = 29\%$

Answer:

29%