In March, the price of a collectible card was $ 15.50 . In April, the price of the collectible card

Question

In March, the price of a collectible card was $dollar sign 15.50$ . In April, the price of the collectible card was $dollar sign 17.36$ . The price of the collectible card in April was $p %$ of the price of the collectible card in March. What is the value of $p$ ?

A.

$12$

B.

$88$

C.

$112$

D.

$188$

Accepted Answer

Choice C is correct. It's given that the price of the collectible card was $ 15.50 in March and $ 17.36 in April. It's also given that the price of the collectible card in April was p % of the price in March. It follows that $ 17.36 is p % of $ 15.50 . Therefore, the value of p can be calculated by solving the equation 17.36 = p 100 15.50 , or 17.36 = 15.50 p 100 . Multiplying each side of this equation by 100 yields 1,736 = 15.50 p . Dividing each side of this equation by 15.50 yields 112 = p . Therefore, the value of p is 112 . Choice A is incorrect. 12 % is the percent increase in the price of the collectible card from March to April. Choice B is incorrect and may result from conceptual or calculation errors. Choice D is incorrect and may result from conceptual or calculation errors.

Question in-mar