A dozen eggs cost $0.96 in December 2000 and $2.75 in December 2015. The average wage for workers in private industries was $14.28 per hour in December 2000 and $21.26 in December 2015. By what percentage did the price of a dozen eggs rise?

(A) 65%

(B) 179%

(C) 186%

The correct answer is C.

Explanation:

Giving the following information:

A dozen eggs cost $0.96 in December 2000 and $2.75 in December 2015.

To calculate the price variation between 2000 and 2015, we need to use the following formula:

Porcentaje change = [ (P1 - P0) / P0]*100

Porcentaje change=[ (2.75 - 0.96) / 0.96]*100 = 186%