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01-12-2020
Mathematics

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A store manager purchases a DVD for $15. He marks it up to $21.75 in order to make a profit. What is the percent of increase?

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meowmeow223334 meowmeow223334

01-12-2020

Percent of increase: 100 * (final - initial)/initial, final = 21.75, initial = 15

(21.75-15)/15 = 0.45 * 100
There is a 45% increase

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