Answer:
[tex]\% = 11\%[/tex]
Step-by-step explanation:
Given
[tex]Initial = \$13.50[/tex]
[tex]Final = \$14.99[/tex]
Required
Determine the percentage change
This is calculated as:
[tex]\% = |\frac{Initial - Final}{Initial} * 100\%[/tex]
[tex]\% = |\frac{13.50 - 14.99}{13.50}| * 100\%[/tex]
[tex]\% = |\frac{-1.49}{13.50}| * 100\%[/tex]
[tex]\% = \frac{1.49}{13.50} * 100\%[/tex]
[tex]\% = \frac{1.49* 100\%}{13.50}[/tex]
[tex]\% = \frac{149\%}{13.50}[/tex]
[tex]\% = 11.037037037\%[/tex]
[tex]\% = 11\%[/tex]
