The cost of a one-family home was $ 120,000 in 1980. In 1988, the price had increased to $ 186,000. What was the percent increase in the cost of the home?  Select.
A) 60%  B) 50%  C) 55%  D) 40%  E) 33.3%
Increase = 186000-120000= 
<gadget id="calculator">186000-120000</gadget>
<output>66_000</output>
66000   % increase= 66000*100/120000= 
<gadget id="calculator">66000*100/120000</gadget>
<output>55</output>
55%   Answer: option 55%
<result>C</result>
The cost of a one-family home was $ 120,000 in 1980. In 1988, the price had increased to $ 186,000. What was the percent increase in the cost of the home?