Question

Tito bought a rare album for $68.00 and later sold it for $76.00 what is the percent of increase , rounded to the nearest tenth?

Answer 1

Percent of increase=11.8%

Explanation:

It is given in the question that Tito bought a rare album for $68.00 and later sold it for $76.00 .

So increase in price is the difference of selling price and the buying price. That is,

`76-68=$8`

And the percentage is

`(8)/(68)*100=11.8%`

And that's the required answer.