A person bought a ticket to a ball game for \(\$15\) and later sold the ticket for \(\$60.\) What was the percent increa

[M7MBA]

A person bought a ticket to a ball game for \(\$15\) and later sold the ticket for \(\$60.\) What was the percent increase in the price of the ticket?

(A) \(25\%\)
(B) \(33\frac13\%\)
(C) \(75\%\)
(D) \(300\%\)
(E) \(400\%\)

[spoiler]OA=D[/spoiler]

Source: Official Guide

[Brent@GMATPrepNow]

A person bought a ticket to a ball game for \(\$15\) and later sold the ticket for \(\$60.\) What was the percent increase in the price of the ticket?

(A) \(25\%\)
(B) \(33\frac13\%\)
(C) \(75\%\)
(D) \(300\%\)
(E) \(400\%\)

[spoiler]OA=D[/spoiler]

Source: Official Guide

Percent increase = (100)(new value - old value)/(old value)
= 100(60 - 15)/(15)
= 100(45)/(15)
= 300 (percent)

Answer: D

Cheers,
Brent