Question

In 1990, an automobile dealership sold a certain model car for $14,649. In 2000, they sold the same model car for $23,609. Find the percent

increase. Round your answer to the nearest tenths.

A) 61.20%
B) 24.60%
C) 38.00%
D) 62.00%

Answer 1

The percent increase between 1990 and 2000 is approximately 61.4%.

Step-by-step explanation:

To find the percent increase, we need to calculate the difference between the two prices and then divide it by the original price. The formula for percent increase is:

(New Value - Original Value) / Original Value * 100%

Using the given numbers:

(23609 - 14649) / 14649 * 100% = 0.61399... * 100% = 61.4%

Rounding to the nearest tenth, the percent increase is approximately 61.4%.