Question

yariel owns a clothing store and recorded the expenses for clothes in two consecutive quarters. in the first quarter, the clothes cost $2,987. in the second quarter, he spent $3,435.05 on clothes. what is the percent increase in expenses for clothes from the first quarter to the second quarter? 1.5% 15% 1.15% 150%

Explanation:

Step1: Identify the formula for percent - increase

Percent increase=$\frac{\text{New value}-\text{Old value}}{\text{Old value}}\times100\%$
The old value (first - quarter expense) is $2987$, and the new value (second - quarter expense) is $3435.05$.

Step2: Calculate the difference between new and old values

$3435.05 - 2987=448.05$

Step3: Calculate the percent - increase

Percent increase =$\frac{448.05}{2987}\times 100\%$
$\frac{448.05}{2987}=0.15$
$0.15\times100\% = 15\%$

Answer:

15%