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Answered

Pete Smith found in his attic a woody woodpecker watch in its original box. It had a price tag on it for $4.80. The watch was made in 1947. Pete brought the watch to an antiques dealer and sold it for $37. What was the percent of increase in price?

Answer :

We know that

• The watch value was $4.80 in 1947.

,

• The watch value is $37 now.

To know the percentage of increase, we just have to divide

[tex]\frac{37}{4.80}\approx7.71[/tex]

Then, we multiply by 100

[tex]7.71\cdot100=771[/tex]

This means the new price represents 771% of the old price, that it's an increase of 671%.

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