Question

Several years ago, Samir bought some gold at a price of $1,200 per ounce. When he went to sell it, the gold was worth 83% more than it was when he purchased it. What was the new value of the gold? $

Answer 1

New price = $1200 + 83% of $1200 = $1200(1+83%) = $1200(1.83) = $2196