Answer:
c = 1.05p
Step-by-step explanation:
the price of the hat before the increase was 100%, after the increase it becomes 100 + 5% = 105%. Representing it as a decimal becomes 1.05p
Let illustrate with an example.
The price of a hat was $100, after the 5% increase. the cost of the hat becomes
100 + (0.05 x 100) = 105
To find the percentage increase
divide 105 by 100 and subtract 1
(105/100) - 1 = 1.05
