A factory's yearly budget for the purchase of employees' protection shoes increased by 60\% this year over las

Question

A factory's yearly budget for the purchase of employees' protection shoes increased by 60\% this year over last year. If the price of the shoes increased by 20\% this year, then the number of shoes it can purchase this year is what percent greater than the number of shoes it purchased last year?

Accepted Answer

Let the budget last year be B_1 = 100 and the price per pair of shoes last year be P_1 = 100 . Number of shoes purchased last year (N_1) = B_1/P_1 = 100/100 = 1 This year, the budget increased by 60\% : B_2 = 100 × 1.60 = 160 The price of shoes increased by 20\% : P_2 = 100 × 1.20 = 120 Number of shoes purchased this year (N_2) = B_2/P_2 = 160/120 = 4/3 Percentage increase in the number of shoes: Percentage Increase = ≤ft(N_2 - N_1/N_1 × 100)\% Percentage Increase = ≤ft(4/3 - 11 × 100)\% = ≤ft(1

A factory's yearly budget for the purchase of employees' protection shoes increased by $60%$ this year over last year. If the price of the shoes increased by $20%$ this year, then the number of shoes it can purchase this year is what percent greater than the number of shoes it purchased last year?

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A factory's yearly budget for the purchase of employees' protection shoes increased by 60% this year over last year. If the price of the shoes increased by 20% this year, then the number of shoes it can purchase this year is what percent greater than the number of shoes it purchased last year?