A bottle of wine costs $20.00 today. When new tariffs are imposed in 2 months, the price of wine will increase by 25%. How much more expensive will 5 bottles of wine be in 2 months?
Thoughts? Step-by-step reasoning:
Today, 5 bottles of $20.00 wine will cost 5 * 20 = $100.00. In 2 months there will be a 25% tariff on the 5 bottles of wine that cost $100.00 so that makes the 5 bottles .25 * 100 = $25.00 more expensive.
Thus, the answer is 25.