The cost of a jacket increased from $95.00 to $107.35. What is the percentage increase of the cost of the jacket?

A.

12.35%

B.

87%

C.

1.3%

D.

13%

D. 13%

Step-by-step explanation:

Percentage Increase=[ (New cost - Original cost) : Original cost) ]*100

where;

New cost=107.35, Original cost=95

Substituting we have,

Percentage Increase = [ (107.35 - 95) : 95) ]*100

Percentage Increase = (12.35:95) * 100

Percentage Increase=0.13*100

Percentage Increase=13%

Therefore the, Percentage Increase of the cost of the jacket is 13%