Questions: The price of an item has risen to 232 today. Yesterday it was 160. Find the percentage increase.

The price of an item has risen to 232 today. Yesterday it was 160. Find the percentage increase.
Transcript text: The price of an item has risen to $\$ 232$ today. Yesterday it was $\$ 160$. Find the percentage increase. $\square$ \%
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Solution

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Solution Steps

Step 1: Identify the initial and final prices

The initial price (yesterday) is \( \$160 \), and the final price (today) is \( \$232 \).

Step 2: Calculate the difference in price

Subtract the initial price from the final price: \[ \$232 - \$160 = \$72 \]

Step 3: Calculate the percentage increase

Divide the difference by the initial price and multiply by 100 to get the percentage: \[ \frac{\$72}{\$160} \times 100 = 45\% \]

Final Answer

\(\boxed{45\%}\)

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