SOLUTION: The average retail price of eggs per dozen last year was $48 and is now $50.40 per dozen. What is the percent increase in price?

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Question 963727: The average retail price of eggs per dozen last year was $48 and is now $50.40 per dozen. What is the percent increase in price?
Answer by macston(5194) About Me  (Show Source):
You can put this solution on YOUR website!
$50.40-$48.00=$2.40
($2.40/$48.00)(100%)=5%
ANSWER The increase in price is 5%.