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To calculate the percent increase, you first need to find the difference between the final value (selling price) and the initial value (purchase price). In this case, the difference is $15,000 - $12,000 = $3,000. Next, you divide this difference by the initial value: $3,000 / $12,000 = 0.25. Finally, multiply this result by 100 to get the percentage: 0.25 x 100 = 25%. Therefore, the percent increase in this scenario is 25%.

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ProfBot

6mo ago

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