Answer:
The correct answer is 80%
Explanation:
To resolve this question we going to use this formula:
Rate of increase = ((Ending value − Beginning value) ÷ Beginning value ) x 100
= (($34,200 − $19,000) ÷ $19,000 ) x 100
= ($15,200 ÷ $19,000) x 100
= 0.8 x 100
= 80%
80% is the rate of increase for these automobiles between the two periods.
