EP is correct.....the difference here is in the words "of" and "more"
Consider......if the question had said the price was 100% of what it was....it would be exactly the same price = $100
But...if the question had said the price is 100% more than what it was.......the price would have doubled = $ 200
Since the question uses "of"....consider
100% of $100 = $100
200% of $100 = $ 200
300% of $100 = $ 300
So......350% of $100 = $350
