SOLUTION: In 1967, a new sedan cost $2,500, in 1975, the same type of sedan cost $4,800. The cost of that type of sedan has increased by what percent between 1967 and 1975

Question 550059: In 1967, a new sedan cost $2,500, in 1975, the same type of sedan cost $4,800. The cost of that type of sedan has increased by what percent between 1967 and 1975
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
percent increase = ( 1975 price - 1967 price ) / ( 1967 price ) x 100

The cost increased 92%
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