The new price after the increase is $2.8 .
Percentage increase is the difference between the final value and the initial value, expressed in the form of a percentage. In other words, it is the difference between the final value and the initial value which is divided by the initial value and then multiplied by 100.
According to the question
The price of chocolate bar = $2
The price of a particular chocolate bar is increased by 40%,
i.e
The percent increase in the price of chocolate bar = 40%
Now,
increase prize :
= [tex]2*\frac{40}{100}[/tex]
= $0.8
The new price after the increase
= $2.8
Hence, the new price after the increase is $2.8 .
To know more about percent increase here:
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