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Tito bought a baseball card for $24.00 and sold it for $34.00. What is the percent of increase rounded to the nearest tenth?

A. 10%

B. 41.6%

C. 41.7%

D. 29.4%

Respuesta :

HammyTheKid
if you multiply 24 by 1.417 you get 34.008 therefore C is the best answer

Answer:  The correct option is (C) 41.7%.

Step-by-step explanation:  Given that Tito bought a baseball card for $24.00 and sold it for $34.00.

We are to find the percent of increase rounded to the nearest tenth.

According to teh given information, we have

Cost price = $24.00

and

Selling price = $34.00.

So, the increase in the rate of baseball card is given by

[tex]I=\textup{Selling price}-\textup{Cost price}=\$(34.00-24.00)=\$10.00.[/tex]

Therefore, the percent of increase is given by

[tex]P\\\\\\=\dfrac{I}{Cost~price}\times100\%\\\\\\=\dfrac{10.00}{24.00}\times100\%\\\\\\=\dfrac{500}{12}\%\\\\\\=41.666...\%\\\\=41.7\%.\\[/tex]

Thus, the required percent of increase is 41.7%.

Option (C) is CORRECT.

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