Question

Gary V is an avid baseball card collector. He started collecting baseball cards when he was a child, and he completed his collection in 1999. In 1999, his collection wasn't worth much, but now, his entire baseball card collection is worth $297,500. If his baseball card collection has increased by 8,400% since he completed it, how much was it worth in 1999?

Answer 1

$3500

Explanation:

Gary V's basketball card collection is currently worth $297,500.

It has increased by 8400% since he completed it in 1999.

Let the original value of his collection in 1999 be x.

Then, as per the given information:

`\[x+(8400)/(100)x=297500\]`

=>
`\[85x=297500\]`

=>
`\[x=(297500)/(85)\]`

=> x= 3500

Hence his collection was worth $3500 in 1999.