QuestionFind the percentage increase in the average price of a boat from \$17,500 in 1993 to \$27,300 in 2013.

Studdy Solution
Calculate the percentage increase in the average price of the boat.
$$Percentage\, increase = \left(\frac{\$9,800}{\$17,500}\right) \times100\% =56\%$$The percentage increase in the average price of the boat is56%.