Aretailer marks up the price of a coffee mug from $6.25 to $8.77. by what percent did the price increase? round to two decimal places.
a. 28.73%
b. 39.68%
c. 40.32%
d. 45.97%

option c is correct

40.32%  did the price increase

Step-by-step explanation:

As per the statement:

A retailer marks up the price of a coffee mug from $6.25 to $8.77.

⇒Original Price of a coffee mug = $6.25

and

New price of a coffee mug = $8.77

Increased price = $8.77 - $6.25 = $2.52

We have to find what percent did the price increase.

⇒

Simplify:

therefore, 40.32%  did the price increase

c

step-by-step explanation:

explanation:

remove parenthesis:

=

apply rule

=

multiply fractions:

=

=

divide:

=

mordancy.