Pete Smith found in his attic a Woody Woodpecker watch in its original box. It had a price tag on it for $4.50. The watch was made in 1949. Pete brought the watch to an antiques dealer and sold it for $35. What was the percent of increase in price? (Round to the nearest hundredth percent.)

Question

Mathematics

Alexandria Fields

27 February, 22:57

Pete Smith found in his attic a Woody Woodpecker watch in its original box. It had a price tag on it for $4.50. The watch was made in 1949. Pete brought the watch to an antiques dealer and sold it for $35. What was the percent of increase in price? (Round to the nearest hundredth percent.)

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Answers (1)

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Kianna Burke · Answer 1

Percentage Increase in the price = (Change in the price / Original Price) x 100%

Change in the price = New Price - Original Price

Change in the price = 35 - 4.5 = $30.5

So,

Percentage Increase in the price = 30.5/4.5 x 100% = 677.78%

This means the price of the watch increased by 677.78%