harishbiyani8888 wrote:

A certain pair of used shoes can be repaired for $12.50 and will last for 1 year. A pair of the same kind of shoes can be purchased new for $28.00 and will last for 2 years. The average cost per year of the new shoes is what percent greater than the cost of repairing the used shoes?

A 3%

B 5%

C 12 %

D 15%

E 24%

Average cost of New shoes is 14

Average Cost of repairing old shoes is 12.50

So, The average cost per year of the new shoes is what percent greater than the cost of repairing the used shoes is \(\frac{(14 - 12.50)}{14}*100\) =

12% , answer will be (C)
_________________

Thanks and Regards

Abhishek....

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