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In Toronto, the price of a new bungalow in1968 was $25 000. In 2004, the price of this bungalow had increased to $400 000. What was the percent increase in price?

 Nov 3, 2022
edited by Guest  Nov 3, 2022
 #1
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The percent increase is 340%.

 Nov 3, 2022
 #2
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400,000 / 25,000 = 16 - 1 x  100 = 1,500% - increase in price from 1968 to 2004.

 Nov 3, 2022

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