The price of a bag of maize rose from KSh 250 to KSh 300. What is the percentage change?
Answer and explanation
Correct answer: A. 20% increase
- Step 1: Change = 300 - 250 = 50. Step 2. Percentage change = change / original x 100 = 50 / 250 x 100 = 20%. Answer: 20% increase. Why not the others: 16.67% increase: That divides by the new price instead of the original price. 20% decrease: That has the right size but the wrong direction. 50% increase: That treats the shilling difference as a percentage.
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