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8 January, 17:49

A dozen eggs cost $0.88 in january 1980 and $2.11 in january 2015.

a. by what percentage did the price of eggs rise?

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  1. 8 January, 21:46
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    Initial price = $0.88 (Jan. 1980)

    Final price = $2.11 (Jan. 2015)

    Change in price = $2.11 - $0.88 = $1.23

    Percentage rise in price = 100 (1.23/0.88) = 139.8% ≈ 140%

    The average yearly rise in price = 139.8 / (2015-1980) ≈ 4%

    Answer:

    Total percent rise in price = 140%

    Average yearly rise in price = 4%
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