A computer store buys a computer for $24 fixes it up and sells it for $91.20. What is the percent of increase in the price?
[(91.2 - 24) / 24] * 100%
280
Im sorry I do not understand
To find the percent of increase in price, we need to calculate the difference between the original price and the final selling price, and then divide it by the original price. Finally, we multiply by 100 to convert it into a percentage.
Step 1: Find the difference between the original price and the final selling price:
Final Selling Price - Original Price = $91.20 - $24 = $67.20
Step 2: Calculate the percent increase:
Percent Increase = (Difference / Original Price) * 100
Percent Increase = ($67.20 / $24) * 100
Step 3: Simplify the calculation:
Percent Increase = 280%
Therefore, the percent of increase in the price is 280%.