Answer:
$76.5
Step-by-step explanation:
We have been given that inflation from last year to this year was 2% and a pair of designer jeans sold for $75 last year. We are asked to find the price of pair of designer jeans this year.
An inflation of 2% will increase the price of pair of jeans by 2%, so price of pair of jeans this year would be $75 plus 2% of $75.
[tex]\text{Price of pair of jeans this year}=\$75+\$75\times\frac{2}{100}[/tex]
[tex]\text{Price of pair of jeans this year}=\$75+\$75\times0.02[/tex]
[tex]\text{Price of pair of jeans this year}=\$75+\$1.5[/tex]
[tex]\text{Price of pair of jeans this year}=\$76.5[/tex]
Therefore, the price of pair of jeans would be $76.5 this year.
