First, let's figure out what 5%(0.05) of £40 is, then we will figure out the answer:
[tex]0.05(40)=x[/tex]
[tex]x = 2[/tex]
So, then to figure out how much the price increased, you can add £2 to £40 to get £42.
Make any sense? If not tell me where it doesn't - I'll be happy to help!
