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In response to
"If I pay $1 for a hot dog and the vendor raises it to $1.50, that is also a 50% increase, but its also $.50."
by
Guy
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And $6 is 12 times as much as $0.50. All of which sidesteps the point that 50% is a large percentage increase.
Posted by
David (aka David)
Jul 13 '11, 18:40
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Your scenario would be the equivalent of McDonald's announcing that their entire dollar menu has gone up to $1.50. That news would not be well received by customers.
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