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The price of rice is increased from $10 to $12.50 per kg. Find the percentage increase in price.
22%
25%
28%
30%
Price of rice before = $10
Price of rice now = $12.50
Increase in price = current price – original price
= $12.50 - $10 = $2.50
Therefore, percentage increase in price = Increase in price/Original price × 100 %
= 2.50/10 × 100 %
= 250/10 % = 25 %
Thus, increase in price= 25 %
Hence, option 2 is the correct answer.
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