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In 2002, the construction cost of each room for Keava Garden Suites was $125,000. After...

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Accounting

In 2002, the construction cost of each room for Keava Garden Suites was $125,000. After ten years, the management wants to renovate all of the rooms to catch the recent trends in room decoration so that they can capture more market share. In 2012, the renovation project cost for each room is $200,000. Based on the information given, calculate the percentage change in price of each room from 2002 to 2012.

Group of answer choices

100%

200%

125%

60%

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