Another Mathematics Question

[Buffy]

I bought an apple for 71 cents.

Due to inflation, I'll be paying an additional of 2 cents more in a couple more months to go.

How much increment am I paying in term of percentage?

I was told that it was 1% but I worked out to be 2.8%. Correct me if I'm wrong.

 

71 cents + 2 cents = 73 cents

2.8% of 71 cents = 0.01988 cents, hence 71 cents + 0.01988 cents = 0.73 cents. (rounded up to 2 decimal pl)

 

Where is the 1%? Or how do I get the 1%?

[Ender]

Another Ahtong..

[Old-driver]

  On 8/8/2011 at 9:01 AM, Buffy said:

I bought an apple for 71 cents.

Due to inflation, I'll be paying an additional of 2 cents more in a couple more months to go.

How much increment am I paying in term of percentage?

I was told that it was 1% but I worked out to be 2.8%. Correct me if I'm wrong.

 

71 cents + 2 cents = 73 cents

2.8% of 71 cents = 0.01988 cents, hence 71 cents + 0.01988 cents = 0.73 cents. (rounded up to 2 decimal pl)

 

Where is the 1%? Or how do I get the 1%?

Ur answer is correct. The basis should be from 71 cents increase by 2cents hence 2.8% and not from 73 cents working backwards

[Whathefish]

  On 8/8/2011 at 9:01 AM, Buffy said:

I bought an apple for 71 cents.

Due to inflation, I'll be paying an additional of 2 cents more in a couple more months to go.

How much increment am I paying in term of percentage?

I was told that it was 1% but I worked out to be 2.8%. Correct me if I'm wrong.

 

71 cents + 2 cents = 73 cents

2.8% of 71 cents = 0.01988 cents, hence 71 cents + 0.01988 cents = 0.73 cents. (rounded up to 2 decimal pl)

 

Where is the 1%? Or how do I get the 1%?

 

err...i think should be like that...

 

out of this 2 cents increase ...but if 60.10% of the apple buyers dun mind the increase then 1.202 cents does not count as increase...

 

so actual increase is 0.798 cents only.

 

but wait....anything less than 10 cents ...like 5 cents n 1 cents many merchants not willing to accept...

 

so the real net increase is only 0.7cents...

 

so if u work 0.7cents / 71 cents = 0.9859%

= 1% (round up to the nearest whole number)

 

[Freestylers09]

Same theory as buying gold

 

Gold up 10% doesnt mean u make 10%

 

U nid factor in exchange rate etc

 

Maybe the 1 percent not a direct comparison price to price basis

 

Just my guess

[Tohto]

I thought is another primary school math question.

OK, is about the "1%' bus fare increase.

[Buffy]

  On 8/8/2011 at 9:02 AM, Ender said:

Another Ahtong..

 

I, the citizen of Sg,

pledge myself as 1 united person,

regardless of race, language or religion,

to build a democratic society

based on justice and =quality

so as to achieve happiness, prosperity and

progress for my nation.

 

Edited August 8, 2011 by Buffy

[Ultramega]

  On 8/8/2011 at 9:01 AM, Buffy said:

2.8% of 71 cents = 0.01988 cents, hence 71 cents + 0.01988 cents = 0.73 cents. (rounded up to 2 decimal pl)

 

your calculator spoil?

[Buffy]

  On 8/8/2011 at 3:12 PM, Ultramega said:

your calculator spoil?

 

Care to explain? Thank you.

[questionedfish]

bus fare become apple arh?

[Ender]

  On 8/8/2011 at 2:38 PM, Buffy said:

I, the citizen of Sg,

pledge myself as 1 united person,

regardless of race, language or religion,

to build a democratic society

based on justice and =quality

so as to achieve happiness, prosperity and

progress for my nation.

Ahtong is a forumer here who likes to post this type of question.. Not testing you if you're sgrean.

 

Anyway the news is the two transport companies propose a 2cent price increase, which is about 2.8% hike. But PTC after review, cap the price increase at 1% max.

Edited August 8, 2011 by Ender

[Ultramega]

  On 8/8/2011 at 3:17 PM, Buffy said:

Care to explain? Thank you.

 

u take out calculator press press u will know. note the units.