SOLUTION: Mitchell purchased an antique chair at a garage sale for $15. He later sold it for $27 to an anitque dealer. What was the percent increase in the price of the chair?

Question 1012010: Mitchell purchased an antique chair at a garage sale for $15. He later sold it for $27 to an anitque dealer. What was the percent increase in the price of the chair?

Answer by ValorousDawn(53) (Show Source): You can put this solution on YOUR website!
Solve for the difference between the second and first values. This gives you 27-15=12. Then take this value and divide it by the original price.

12/15=75%
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