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In 2000, Matt had a collection of 30 music CDs. Since then he has given away 2 CDs, purchased 6 new CDs, and traded 3 of his CDs to Kashan for 4 of Kashan’s CDs. Since 2000, what has been the percentage of increase in the number of CDs in Matt’s collection?

A.313%B.10%C.1427%D.1623%

Short Answer

Expert verified

The percentage of increase in the number of CDs in Matt’s collection is 1623%.

Step by step solution

01

Step-1 – Apply the concept of increase percentage 

Increase percentage is given by

increase percentage=increaseoriginal number×100

where increase = new number – original number

02

Step-2 – Find the value of New number

Initially Matt had 30 CDs.

Since he gave away 2 CDs, the number of CDs left now is 30-2=28

After this he purchased 6 new CDs. Therefore, the number of CDs he has now is 28+6=34

He then traded 3 of his CDs to Kashan for 4 of Kashan’s CDs. Hence the number of CDs he has is 34-3+4=35

Therefore, the total number of CDs Matt have since 2000 is 35.

03

Step-3 – Find the increase percentage

Using original number as 30 and new number as 35 in increase percentage formula, the following is obtained:

increase%=35−3030×100=530×100=503=1623

Hence the percentage of increase in the number of CDs in Matt’s collection is 1623%

Therefore, option D is correct.

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