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Question
noor runs a small bakery and has recorded his expenses for ingredients in two consecutive months. in march, the ingredients cost $150. in april, she spent $165 on ingredients. what is the percent increase in expenses for ingredients from march to april? 1.5% 10% 15% 9%
Step1: Identify the formula for percent - increase
Percent increase=$\frac{\text{New value}-\text{Original value}}{\text{Original value}}\times100\%$
Step2: Determine the original and new values
The original value (March expense) is $150$, and the new value (April expense) is $165$.
Step3: Calculate the difference
$165 - 150=15$
Step4: Calculate the percent - increase
Percent increase =$\frac{165 - 150}{150}\times100\%=\frac{15}{150}\times100\% = 10\%$
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