Question

In 1968 it cost $54 000 for a 30-second commercial during the super bowl. In 1973, the cost for a 30-second commercial was $88,000. What is the percent increase, rounded to the nearest whole number, in the cost for a 30-second commercial from 1968 to 1973?

Answer 1

63 %

Explanation:

Percentage change in value value for any number is given by

percentage change = (new value - old value) /old value * 100

we can also write it as

percentage change = (change in value ) /old value * 100

________________________________________

cost of commercial in 1968 = $54000

cost of commercial in 1973 = $88000

change in cost of commercial = cost of commercial in 1973 - cost of commercial in 1973 = $(88000-54000) = $34000

thus,

percentage change in cost of commercial

= change in cost of commercial/cost of commercial in 1968 * 100

= 34000/54000*100 = 62.96 %

Thus, percentage change in cost of commercial is 62.96 %

we have to round it to nearest whole number

rounded value of 62.96 is 63

in that case

percentage change in cost of commercial is 63 %