A certain pair of used shoes can be repaired for $10.50 and will last for 1 year. A pair of the same kind of shoes can be purchased new for $30.00 and will last for 2 years. The average cost per year of the new shoes is what percent greater than the cost of repairing the used shoes?
Choose one:
A) 42.85 B) 44 C) 48 D) 38 E) 40

Rationale: "1 ) cost of repairing = 10.5 ( for one year ) , therefore for 2 years it would be $ 21 . 2 ) cost of new pair which will last for 2 years is $ 30.00 percentage change formula = ( final value - initial value ) / ( initial value ) * 100 . in this case the final value would be the price of new shoe initial value would be the cost of repairing the old shoe . i . e ( 30 - 21 ) / ( 21 ) * 100 = 42.85 % . ans is a"
Answer: A