Answer:
2.5%
Step-by-step explanation:
The price increased from 2 to 2.05. So the increase was:
2.05 - 2 = 0.05 dollars
Now, to find percentage increase, we use the formula below:
[tex]\frac{New-Old}{Old}*100[/tex]
Where
New is the latest price (here it is the increased price of 2.05)
Old is the previous price (here it is the less price of 2.00)
Now, we substitute and find:
[tex]\frac{2.05-2.00}{2.00}*100=2.5[/tex]
So the price increase was 2.5%
