SOLUTION: James� Burger and Shakes first opened in 1950 selling hamburgers for $0.25. In 2010, the price of a burger was now $3.25. On average, how much did the price of a burger increase

Question 325503: James� Burger and Shakes first opened in 1950 selling hamburgers for $0.25. In 2010, the price of a burger was now $3.25.
On average, how much did the price of a burger increase per year?
Answer by info@email-tutors.com(9) (Show Source): You can put this solution on YOUR website!
Hello! The difference between 1950 and 2010 is 60 years. The difference in price between 3.25 and 0.25 is $3.00
3 dollars is equivalent to 300 cents. 300 cents divided by 60 years is an average increase of five (5) cents per year.
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