Questions: In December 2016, the average price of a Big Mac in the United States was 4.50. In December 2023, the average price of a Big Mac in the US increased to 5.69. Which two answers below correctly express that change? .264% 26.4% .264 26.4

In December 2016, the average price of a Big Mac in the United States was 4.50. In December 2023, the average price of a Big Mac in the US increased to 5.69. Which two answers below correctly express that change? .264% 26.4% .264 26.4
Transcript text: In December 2016, the average price of a Big Mac in the United States was $\$ 4.50$. In December 2023, the average price of a Big Mac in the US increased to $\$ 5.69$. Which two answers below correctly express that change? .264% 26.4% .264 26.4
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Solution

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Solution Steps

Step 1: Calculate the change in price

The change in price is calculated by subtracting the initial price from the final price: \[ \text{Change in price} = \$5.69 - \$4.50 = \$1.19 \]

Step 2: Calculate the percentage change

The percentage change is calculated by dividing the change in price by the initial price and then multiplying by 100: \[ \text{Percentage change} = \left( \frac{\$1.19}{\$4.50} \right) \times 100 = 26.4\% \]

Step 3: Identify the correct answers

The correct answers are:

  • \(26.4\%\)
  • \(26.4\)

Final Answer

The correct answers are \(26.4\%\) and \(26.4\).

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