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QuestionA meal costs \$8.95 and a copycat meal costs \$4.75. Find the percentage increase from the copycat to the restaurant meal.

Studdy Solution

STEP 1

Assumptions1. The restaurant meal costs \$8.95. The copycat meal costs \$4.75

STEP 2

First, we need to find the difference in cost between the restaurant meal and the copycat meal.
Difference=Restaurant meal cost−Copycat meal costDifference = Restaurant\, meal\, cost - Copycat\, meal\, cost

STEP 3

Now, plug in the given values for the restaurant meal cost and the copycat meal cost to calculate the difference.
Difference=$8.95−$.75Difference = \$8.95 - \$.75

STEP 4

Calculate the difference in cost.
Difference=$8.95−$4.75=$4.2Difference = \$8.95 - \$4.75 = \$4.2

STEP 5

Now that we have the difference in cost, we can find the percentage by which the restaurant meal is more expensive than the copycat meal. We do this by dividing the difference by the cost of the copycat meal and then multiplying by100 to get the percentage.
Percentage increase=(DifferenceCopycat meal cost)times100Percentage\, increase = \left(\frac{Difference}{Copycat\, meal\, cost}\right) \\times100

STEP 6

Plug in the values for the difference and the copycat meal cost to calculate the percentage increase.
Percentage increase=($4.2$4.75)times100Percentage\, increase = \left(\frac{\$4.2}{\$4.75}\right) \\times100

STEP 7

Calculate the percentage increase.
Percentage increase=($4.2$4.75)times100=88.42%Percentage\, increase = \left(\frac{\$4.2}{\$4.75}\right) \\times100 =88.42\%

STEP 8

Round the percentage increase to the nearest whole percent.
Percentage increase=88%Percentage\, increase =88\%The restaurant meal is88% more expensive than the copycat meal.

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