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23 April, 03:18

A house was built in 1985 and cost $62000. It was sold in 2003 for $310000.

(a) Work out the 1985 price as a percentage of the 2003 price.

(b) Calculate the percentage increase in the price from 1985 to 2003.

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  1. 23 April, 04:26
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    a) 20%

    b) 400%

    Step-by-step explanation:

    In a) you firts do

    $310000=100% what about $62000. Then cross multiply

    $62000*100%=6200000:310000=20%

    In b) you first do

    $62000=100% what about $248000. Then cross multiply

    $248000*100=$24800000:62000=400%
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