00:01
So in the given question we are told that the cost of a gallon of milk used to be a 2 .25.
00:08
So let's write the old price of one gallon of milk of one gallon of milk is given in the question to be $2 .25.
00:26
And now we are told the price has increased to $1 .25.
00:30
15 percentage of what it was.
00:33
So the price has increased, has increased, increased, 15, 115 percentage.
00:47
And now we are told to find the new price, right? so first what we would do is we would take the 115 percentage of the old price, which we can take as a 115 percentage.
01:02
Times 2 .25.
01:05
So, 115 percentage can be written as 115 divided by 100 times 2 .25.
01:12
So when we take the value of 115 divided by 100 and multiply it with 2 .25, we get the value.
01:21
We get the value over here as a 2 .2 point.
01:28
We are just taking the percentage...