In Alberta, the price of a new bungalow in 1968 was $25 000. In 2004 the price of the this bungalow had increased to $400,000. What was the percent increase in price?
Pct increase =
[ New Value - Old Value ] / Old Value x 100% .....so....
[ 40000 - 25000 ] / 25000 x 100% =
[375000 ] /25000 x 100%
15 x 100 % =
1500 % increase
Thank you!
+18 
