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 answer.
A) 60 %
B) 50 %
C) 55 %
D) 40 %
E) 33.3 %

Rationale: increase = 192000 - 120000 = 72000 % increase = 72000 * 100 / 120000 = 60 % answer : option a
Answer: A