Pete Smith found in his attic a Woody Woodpecker watch in its original box. It had a price tag on it for $4.90. The watch was made in 1946. Pete brought the watch to an antiques dealer and sold it for $31. What was the percent of increase in price? (Round to the nearest hundredth percent.)

Pete SmIth found in his attic a Woody Woodpecker watch in Its original box. It had a price tag on It for $4.90. The watch was made in 1946. Pete brought the watch to an antlques dealer and sold It for $31. What was the percent of Increase In price? (Round to the nearest hundredth percent.)