The percentage change to 2 decimal places when a price of 97 is increased to 99.99 is 3.08%
What is percentage change?
Percentage Change is the difference coming after subtracting the old value from the new value and then divide by the old value and the final answer will be multiplied by 100 to show it as a percentage.
percentage change formula = [tex]\frac{final value - initial value }{Initial value}[/tex]× 100
According to the given question
We have
initial value = 97
final value = 99.99
therefore,
⇒percentage change = [tex]\frac{99.99-97}{97}[/tex]× 100
⇒percentage change = [tex]\frac{2.99}{97}[/tex]×100
⇒percentage change = 0.0308×100=3.0824
⇒percentage change = 3.08%
Hence, the percentage change to 2 decimal places when a price of 97 increased to 99.99 is 3.08%.
Learn more about the percentage change here:https://brainly.in/question/30671120
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