calculate the percent change in grocery expenditures from march to april. round to the nearest whole percent.

calculate the percent change in grocery expenditures from march to april. round to the nearest whole percent.
Answer
Explanation:
Step1: Identify old and new values
Old value (March grocery expense) = $112.00, New value (April grocery expense) = $120.00
Step2: Use percent - change formula
Percent change = $\frac{\text{New value}-\text{Old value}}{\text{Old value}}\times100%=\frac{120 - 112}{112}\times100%$
Step3: Calculate the numerator
$120−112 = 8$
Step4: Calculate the fraction
$\frac{8}{112}\approx0.0714$
Step5: Calculate the percentage
$0.0714\times100% = 7.14%$
Step6: Round to the nearest whole percent
Rounding 7.14% gives 7%
Answer:
7%