What is the percent increase for a house that sells for $ 64,000 and then later for $ 139,000 ? Round to the nearest percent.

Question

What is the percent increase for a house that sells for $ 64,000 and then later for $ 139,000 ? Round to the nearest percent. ​

Quizplus · Accepted Answer

Step 1: Find the difference between the initial and final price:

$139,000 - $64,000 = $75,000

Step 2: Divide the difference by the initial price:

$75,000/$64,000 = 1.171875

Step 3: Convert the decimal to a percentage:

1.171875 x 100% = 117.1875%

Step 4: Round to the nearest percent:

117%

Therefore, the percent increase is 117%. The best choice is B.

What Is the Percent Increase for a House That Sells