Question

In 1955 a vest sold for $3.50. Twenty years later, the price increased by 95%. How much more did it sell for twenty years later? Round your answer to the nearest cent.

Answer 1

Answer: $6.83

Reason:

An increase of 95% will involve the multiplier 1.95

Think of it like saying 100% + 95% = 1 + 0.95 = 1.95

Therefore,

1.95*3.50 = 6.825 = 6.83 dollars