Question

A used car dealership buys a car for 2500 and then sells it for 4000. What is the percentage increase? A) 25% B) 40% C) 60% D) 75%

Answer 1

C) 60%

Explanation:

4,000 - 2,500 = $1,500

What percent is $1,500 of $2,500

(X/100) / (1500/2500)

= 60%