Question

Tito bought a baseball card for $24.00 and sold it for $34.00. What is the percent of increase rounded to the nearest tenth?

A. 10%

B. 41.6%

C. 41.7%

D. 29.4%

Answer 1

if you multiply 24 by 1.417 you get 34.008 therefore C is the best answer

Answer 2

Answer: The correct option is (C) 41.7%.

Step-by-step explanation: Given that Tito bought a baseball card for $24.00 and sold it for $34.00.

We are to find the percent of increase rounded to the nearest tenth.

According to teh given information, we have

Cost price = $24.00

and

Selling price = $34.00.

So, the increase in the rate of baseball card is given by

`I=\textup{Selling price}-\textup{Cost price}=\$(34.00-24.00)=\$10.00.`

Therefore, the percent of increase is given by

`P\\\\\\=(I)/(Cost~price)*100\%\\\\\\=(10.00)/(24.00)*100\%\\\\\\=(500)/(12)\%\\\\\\=41.666...\%\\\\=41.7\%.\\`

Thus, the required percent of increase is 41.7%.

Option (C) is CORRECT.