Question

Mr. Jefferson purchased a condo several years ago at a selling price of $132,230.75. Recentlyhe had the condo appraised and it is now worth $370,246.10. By what percent did the valueof the condo go up?

Answer 1

The rule of the percent of increasing = (New - Old)/(old) x 100%

Since the old price is $132230.75

Since the new price is $370246.10

Use the rule above

`\begin{gathered} =(370246.10-132230.75)/(132230.75)*100 \\ I=180 \end{gathered}`

The value is go up by 180%