A store gets a bucket of eggs for $16.20 and sells a dozen eggs for $3.50. If there are 450 eggs in the bucket, by what percent has the store increased the price per dozen eggs?
Accepted Solution
A:
Price of a bucket of eggs $16.20 price for a dozen of eggs $3.50 number of dozens in 450 eggs: 450/12 =37.5 price of 37.5 will be: 37.5×3.50=$131.25 The percentage the store has increased the price will be: (131.25-16.20)/16.20×100 =710%