The value of a collectible comic book increased by \(167 percent sign\) from the end of \(2011\) to the end of \(2012\) and then decreased by \(16 percent sign\) from the end of \(2012\) to the end of \(2013\). What was the net percentage increase in the value of the collectible comic book from the end of \(2011\) to the end of \(2013\)?
Choice A is correct. It’s given that the value of the comic book increased by \(167 percent sign\) from the end of \(2011\) to the end of \(2012\). Therefore, if the value of the comic book at the end of \(2011\) was \(x\) dollars, then the value, in dollars, of the comic book at the end of \(2012\) was \(x +(167/100)x\), which can be rewritten as \(1 x + 1.67 x\), or \(2.67 x\). It’s also given that the value of the comic book decreased by \(16 percent sign\) from the end of \(2012\) to the end of \(2013\). Therefore, the value, in dollars, of the comic book at the end of \(2013\) was \(2.67 x -2.67 x(16/100)\), which can be rewritten as \(2.67 x -(2.67 x)(0.16)\), or \(2.2428 x\). Thus, if the value of the comic book at the end of \(2011\) was \(x\) dollars, and the value of the comic book at the end of \(2013\) was \(2.2428 x\) dollars, then from the end of \(2011\) to the end of \(2013\), the value of the comic book increased by \(2.2428 x -1 x\), or \(1.2428 x\), dollars. Therefore, the increase in the value of the comic book from the end of \(2011\) to the end of \(2013\) is equal to \(1.2428\) times the value of the comic book at the end of \(2011\). It follows that from the end of \(2011\) to the end of \(2013\), the net percentage increase in the value of the comic book was \((1.2428)(100)percent sign\), or \(124.28 percent sign\). Choice B is incorrect and may result from conceptual or calculation errors. Choice C is incorrect. This is the difference between the net percentage increase in the value of the comic book from the end of \(2011\) to the end of \(2012\) and the net percentage decrease in the value of the comic book from the end of \(2012\) to the end of \(2013\), not the net percentage increase in the value of the comic book from the end of \(2011\) to the end of \(2013\). Choice D is incorrect. This is the net percentage increase in the value of the comic book from the end of \(2011\) to the end of \(2013\), if the value of the comic book increased by \(167 percent sign\) from the end of \(2011\) to the end of \(2012\) and then increased, not decreased, by \(16 percent sign\) from the end of \(2012\) to the end of \(2013\).