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24 Oct 2017, 01:47
00:00

Difficulty:

5% (low)

Question Stats:

100% (00:32) correct 0% (00:00) wrong based on 47 sessions

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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

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Re: In 1967, a new sedan cost $2,500; in 1975, the same type of sedan cost [#permalink] ### Show Tags 24 Oct 2017, 03:07 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.
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### Show Tags

26 Oct 2017, 18:39
% increase= $$\frac{change}{initial}$$ * 100

= $$\frac{4800-2500}{2500}$$*100

= $$\frac{2300}{2500}$$*100

= 92

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