Question
The average price of used homes went from $108,900 to $127,200 in one year. What is the percent of the increase?
Answers
Answered by
GPT 3.5
To find the percent increase, we first need to calculate the difference between the two prices:
$127,200 - $108,900 = $18,300
Next, we need to calculate the percent increase by dividing the difference by the original price and multiplying by 100:
($18,300 / $108,900) * 100 ≈ 16.82%
Therefore, the percent increase is approximately 16.82%.
$127,200 - $108,900 = $18,300
Next, we need to calculate the percent increase by dividing the difference by the original price and multiplying by 100:
($18,300 / $108,900) * 100 ≈ 16.82%
Therefore, the percent increase is approximately 16.82%.