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?

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> 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?       Log On


   

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) About Me  (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%