Question

Kevin brought a used guitar at a garage sale for $150. He fixed up and sold it for $ 225. What was the percent increase ?

Answer 1

ANSWER

50%

EXPLANATION

The percent change is,

$\frac{V_f-V_i}{V_i}\times100$

In this problem, the initial value is $150 and the final value is $225,

$\frac{225-150}{150}\times100=\frac{75}{150}\times100=0.5\times100=50\%$

The percent increase in the guitar's value was 50%