SOLUTION: Pete Smith found in his attic a Woody Woodpecker watch in its original box. It had a price tag on it for $4.45. The watch was made in 1949. Pete brought the watch to an antiques d

Algebra ->  Finance -> SOLUTION: Pete Smith found in his attic a Woody Woodpecker watch in its original box. It had a price tag on it for $4.45. The watch was made in 1949. Pete brought the watch to an antiques d      Log On


   



Question 193013This question is from textbook Practical Business Math Procedures
: Pete Smith found in his attic a Woody Woodpecker watch in its original box. It had a price tag on it for $4.45. The watch was made in 1949. Pete brought the watch to an antiques dealer and sold it for $35.50. What was the percent of increase in price? (Round to the nearest hundredth percent. Omit the "%" sign in your response.)
The percent increase is
This question is from textbook Practical Business Math Procedures

Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
Pete Smith found in his attic a Woody Woodpecker watch in its original box. It had a price tag on it for $4.45. The watch was made in 1949. Pete brought the watch to an antiques dealer and sold it for $35.50. What was the percent of increase in price? (Round to the nearest hundredth percent. Omit the "%" sign in your response.)
The percent increase is
---------------
The increase was $35.50 - $4.45 = $31.05
3105/445 = 6.9775
------------------
The percent increase is 697.75