The cost of a one-family home was $ 120,000 in 1980. In 1988, the price had increased to $ 192,000. What was the percent increase in the cost of the home? Choose the correct choice from the following choices.
A) 60%
B) 50%
C) 55%
D) 40%
E) 33.3%
Increase = 192000-120000= 
<gadget id="calculator">192000-120000</gadget>
<output>72_000</output>
72000   % increase= 72000*100/120000= 
<gadget id="calculator">72000*100/120000</gadget>
<output>60</output>
60%   60%nswer: option 60%
<result>A</result>
The cost of a one-family home was $ 120,000 in 1980. In 1988, the price had increased to $ 192,000. What was the percent increase in the cost of the home?