Explanation
Correct answer: C.
Choice C is correct. It's given that the price of the collectible card was $ in March and $ in April. It's also given that the price of the collectible card in April was of the price in March. It follows that $ is of $. Therefore, the value of can be calculated by solving the equation , or . Multiplying each side of this equation by yields . Dividing each side of this equation by yields . Therefore, the value of is .
Desmos solution:
Note: The regression finds P, the percent of the March price that the April price represents.
Enter in Desmos:
Reviewed and rewritten by CookSAT
Why the other choices are wrong
Choice A
Choice A is incorrect. is the percent increase in the price of the collectible card from March to April.
Choice B
Choice B is incorrect and may result from conceptual or calculation errors.
Choice D
Choice D is incorrect and may result from conceptual or calculation errors.