If a dairy farmer's cost of production is $9.00 per hundredweight and costs increase by 12%, what is the new cost per hundredweight?

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Multiple Choice

If a dairy farmer's cost of production is $9.00 per hundredweight and costs increase by 12%, what is the new cost per hundredweight?

Explanation:
Understanding percent increases: you multiply the original cost by 1 plus the increase in decimal form. With a 12% rise, multiply by 1.12. So the new cost is 9.00 × 1.12 = 10.08 per hundredweight. This also aligns with adding 0.12 × 9.00 = 1.08 to the original 9.00, giving 10.08. The other numbers reflect different amounts of increase (or none at all), so they don't match the 12% rise.

Understanding percent increases: you multiply the original cost by 1 plus the increase in decimal form. With a 12% rise, multiply by 1.12. So the new cost is 9.00 × 1.12 = 10.08 per hundredweight. This also aligns with adding 0.12 × 9.00 = 1.08 to the original 9.00, giving 10.08. The other numbers reflect different amounts of increase (or none at all), so they don't match the 12% rise.

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