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% By what percentage did the wage rise?(A) 15%(B) 49%(C) 134%

Respuesta :

Answer:

Egg cost increase during the period: (C) 186%

Wages increase during the period:    (B) 49%

Explanation:

To calculate the rise in egg cost we will do as follow:

[tex]\frac{current}{base} -1[/tex]

being current year 2015 at 2.75

and base year 2000 at 0.96 we got:

[tex]\frac{2.75}{0.96} -1[/tex]

1.8645833 = 186.46%

we do the same process for wages:

[tex]\frac{21.26}{14.28} -1[/tex]

0.48879551 = 48.88% = 49%