Compute the requested value. choose the correct answer. if the cost is $58.00 and the selling price is $63.00, then what is the percent of increase? it is %.

The percent increase is:

8.6207%

Step-by-step explanation:

The cost price of an item is given by:

cost price (CP)= $ 58.00=$ 58

Also, the selling price of an item is given by:

Selling Price( SP)= $ 63.00=$ 63

Now, the percent increase which is also known as the gain percent is calculated as:

on substituting the value of the cost price and selling price in the formula we obtain:

Hence, the percent increase is:

8.6207%

8

step-by-step explanation:

$450 i think. hope this ☺