In 1980 a ford truck cost 8654 Today a new ford truck cost 2

In 1980 a ford truck cost $8,654. Today, a new ford truck cost $20,445. Approximately how much has the cost of new truck increased since 1980?  A. between 10% and 70%. // B. between 70% and 130%. // C. between 130% and 190%. // D. more than 190%.

Solution

Note that

%increase = (new price - old price) / old price * 100%

= (20445 - 8654) / 8654 * 100 %

= 136.2491333%

Thus, it is OPTION C. between 130% and 190% [ANSWER]