A 1-liter bottle of orange juice used to cost $2.85 at a food market. Its price has increased; the new price is 110 percent of the original price. What is the new price of the juice? Round your answer to the nearest cent.
New price = 110% of original price
= (110/100)2.85
= 1.1 2.85 = 3.135
Price ≈ $3.14 to the nearest cent.