Final answer:
The computer store experienced a 300% increase in the price of the computer from the original purchase price of $24 to the selling price of $96.
Step-by-step explanation:
The question asks for the percentage increase in the price of a computer that is bought for $24 and sold for $96. To calculate the percent of increase, we use the formula: Percent Increase = ((Selling Price - Original Price) / Original Price) * 100. Using this formula:
- Original Price (cost price) = $24
- Selling Price = $96
Substitute these values into the formula:
Percent Increase = (($96 - $24) / $24) * 100 = ($72 / $24) * 100 = 3 * 100 = 300%
Therefore, the price of the computer increased by 300% from the original purchase price to the selling price.