A shortage of gold causes the price of gold wire to increase by 140%. If 10 feet of gold wire previously cost $50, what is the new cost of gold wire?
120
thank u
A shortage of gold causes the price of gold wire to increase by 140%. If 10 feet of gold wire previously cost $50, what is the new cost of gold wire?
$
To find the new cost of gold wire, we need to calculate the 140% increase applied to its original price. Here's how you can do it step-by-step:
1. Begin by calculating 140% of the original price. To do this, multiply the original price by 140% (or 1.4 since 140% is the same as 1.4 in decimal form).
Calculation: $50 * 1.4 = $70
2. The result of this calculation represents the increase of 140%. Now, to find the new cost, we need to add this increase to the original price.
Calculation: $50 + $70 = $120
Therefore, the new cost of gold wire is $120.