SOLUTION: Please help solve this problem: the Playstation is coming! Even though the premium version of the PS3 is retailing for $600, the cost of buying one on Ebay is currently around $1

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: Please help solve this problem: the Playstation is coming! Even though the premium version of the PS3 is retailing for $600, the cost of buying one on Ebay is currently around $1      Log On


   



Question 61456: Please help solve this problem: the Playstation is coming! Even though the premium version of the PS3 is retailing for $600, the cost of buying one on Ebay is currently around $1500. What percentage of increase is this?
I think the answer is 150%. Is this correct?

Answer by joyofmath(189) About Me  (Show Source):
You can put this solution on YOUR website!
Yes, you're correct.