AnswersFinancial MathExpenses — QuizQuestion 4
4
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Expenses — Quiz

Question 4 • Financial Math

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?

Answer
A
150 percent
B
15 percent
C
1 point 1 5 percent
D
1 point 5 percent

Explanation

Find the increase: $3,435.05 − $2,987 = $448.05. Divide the increase by the original expense and multiply by 100: ($448.05 ÷ $2,987) × 100 = 15%. The percent increase is 15 percent, choice B.

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