Percentages, SM-Bank 078 A coffee shop increases the price of a caramel latte from $4.80 to $6.00. What is the percentage increase in the price? (2 marks) Show Answers Only \(25\text{%}\) Show Worked Solution \(\text{Price increase}=6-4.80=$1.20\) \(\text{Percentage increase}\) \(= \dfrac{1.2}{4.8}\times 100\) \(=0.25\times 100\) \(=25\text{%}\)