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24 Oct 2017, 02:07
The cost of sedan in 1067 = $2500 The cost of sedan in 1075 =$4800

Increase in price = 4800 - 2500 = $2300 Increase in percentage = 2300/2500 * 100 = 92% Ans: C. _________________ Target Test Prep Representative Status: Head GMAT Instructor Affiliations: Target Test Prep Joined: 04 Mar 2011 Posts: 2830 Re: In 1967, a new sedan cost$2,500; in 1975, the same type of sedan cost  [#permalink]

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26 Oct 2017, 14:49
Bunuel wrote:
In 1967, a new sedan cost $2,500; in 1975, the same type of sedan cost$4,800. The cost of that type of sedan has increased by what percent between 1967 and 1975?

(A) 48
(B) 52
(C) 92
(D) 152
(E) 192

We can use the percent change formula: (new - old)/old x 100, as follows:

(4800 - 2500)/2500 x 100 = 2300/2500 x 100 = 23/25 x 100 = 23 x 4 = 92

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Re: In 1967, a new sedan cost $2,500; in 1975, the same type of sedan cost [#permalink] ### Show Tags 26 Oct 2017, 17:39 % increase= $$\frac{change}{initial}$$ * 100 = $$\frac{4800-2500}{2500}$$*100 = $$\frac{2300}{2500}$$*100 = 92 Answer: C. _________________ Kindly hit kudos if my post helps! Re: In 1967, a new sedan cost$2,500; in 1975, the same type of sedan cost &nbs [#permalink] 26 Oct 2017, 17:39
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