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

Algebra ->  Rectangles -> 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      Log On


   



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) About Me  (Show Source):
You can put this solution on YOUR website!
percent increase = ( 1975 price - 1967 price ) / ( 1967 price ) x 100
+%28+4800+-+2500+%29+%2F+2500+=+2300%2F2500+
+23%2F25+=+.92+
+.92%2A100+=+92+
The cost increased 92%