Question

Action Comic #1, which originally sells for 10 cents, now sells for $18,500. This comic has increased in value

A. 18,500,000%
B. 185,000%
C. 1,849,990%
D. 18,499,900%

Is B correct?

Answer 1

(18500-0.10)/0.10 * 100

Answer 2

(now / then) * 100%

Answer 3

[AI-generated answer — Explain Bot]

To determine the percentage increase in value, we can use the formula:

Percentage increase = ((final value - initial value) / initial value) * 100

In this case, the initial value is 10 cents, and the final value is $18,500.

So, using the formula:

Percentage increase = (($18,500 - 0.10) / 0.10) * 100

=> (18,500 / 0.10) * 100 = 185,000%

Therefore, option B is correct.