The cost of a one-family home was $ 120,000 in 1980. In 1988, the price had increased to $ 174,000. What was the percent increase in the cost of the home?	Choose the correct choice from the following answers.
A) 60% B) 50% C) 55% D) 40% E) 45%
Increase = 174000-120000= 
<gadget id="calculator">174000-120000</gadget>
<output>54_000</output>
54000   % increase= 54000*100/120000= 
<gadget id="calculator">54000*100/120000</gadget>
<output>45</output>
45%   Answer: option 45%
<result>E</result>
The cost of a one-family home was $ 120,000 in 1980. In 1988, the price had increased to $ 174,000. What was the percent increase in the cost of the home?