Question

Chip and Joanna Gains purchase a house for $40,000. After renovations, they sell the house for $240,000! What is the percent increase of the value of the home?​

Answer 1

Answer:

600%

Step-by-step explanation:

Set up a ratio

40,000/240,000 = 100/x

40,000x = 24,000,000

x = 600%