Question

In 1994, there were 1755 farmer's markets in the United States. By 2011, there were 7175 farmer's markets in the United States. What is the relative change in farmer's marketsfrom 1994 to 2011?a. 4%b. 76%c. 309%d. 5420%e. 31.822%

Answer 1

We want the percentage change from 1755 to 7175.

Let's look at a formula to figure out the percentage change.

$P=\frac{\text{New}-\text{Old}}{\text{Old}}\cdot100$

Where P is the percentage change.

New is the new value and Old is the old value.

Here, we are given:

New = 7175

Old = 1755

Substituting into the formula, we get:

$\begin{gathered} P=\frac{\text{New}-\text{Old}}{\text{Old}}\cdot100 \\ P=\frac{7175-1755}{1755}\cdot100 \\ P=308.83 \end{gathered}$

Rounding this percentage increase, we have:

309%

The correct answer choice is C.