Question
The current price of a good is R1 865,99 . What will the good cost if we increase the price by \( 13,45 \% \) ?
Ask by Todd Flynn. in South Africa
Mar 13,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
The new price of the good after a 13.45% increase is R2,116.97.
Solution
To find the cost of the good after increasing the price by 13.45%, we can use the formula for percentage increase:
\[ \text{New Price} = \text{Current Price} \times (1 + \text{Percentage Increase}) \]
Given:
- Current Price = R1 865,99
- Percentage Increase = 13.45%
Substitute the values into the formula:
\[ \text{New Price} = 1865.99 \times (1 + 0.1345) \]
Now, we can calculate the new price.
Calculate the value by following steps:
- step0: Calculate:
\(1865.99\left(1+0.1345\right)\)
- step1: Add the numbers:
\(1865.99\times 1.1345\)
- step2: Multiply the numbers:
\(2116.965655\)
The new price of the good after increasing the price by 13.45% will be R2,116.97.
Answered by UpStudy AI and reviewed by a Professional Tutor
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Simplify this solution The Deep Dive
If we increase the price by \( 13.45\% \), we first calculate the amount of the increase: \( R1,865.99 \times 0.1345 = R251.07 \) (rounded). Now, adding this increase back to the original price gives us: \( R1,865.99 + R251.07 = R2,117.06 \). So, the new price will be approximately \( R2,117.06 \). Understanding percentage increases can be super useful in real-world scenarios, like assessing discounts during sales or adjusting salaries. For example, if a salary is raised by a certain percentage, knowing how to calculate the new salary quickly can help you manage your budget better or negotiate offers confidently!
