The cost of a one-family home was $ 120,000 in 1980.
The cost of a one-family home was $ 120,000 in 1980. In 1988, the price had increased to $ 186,000. What was the percent increase in the cost of the home?
Answer/Solution
55%
Steps/Work
Increase = 186000-120000 = 66000
% increase = 66000*100/120000 = 55%
Answer: option C
% increase = 66000*100/120000 = 55%
Answer: option C