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A certain pair of used shoes can be repaired for \(\$12.50\) and will last for \(1\) year. A pair of the same kind of

Expert replies
by M7MBA » Sun Jun 27, 2021 12:53 am

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Answers

A

B

C

D

E

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Difficulty

A certain pair of used shoes can be repaired for \(\$12.50\) and will last for \(1\) year. A pair of the same kind of shoes can be purchased new for \(\$28.00\) and will last for \(2\) years. The average cost per year of the new shoes is what percent greater than the cost of repairing the used shoes?

A \(3\%\)
B \(5\%\)
C \(12 \%\)
D \(15\%\)
E \(24\%\)

Answer: C

Source: Official Guide
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