Question

A ​used- boat dealership buys a boat for ​$2700 and then sells it for ​$4700. What is the percent​ increase?

Answer 1

The percent increase in the price of a boat that was bought for $2,700 and sold for $4,700 is approximately 74.07%.

Step-by-step explanation:

The question asks for the calculation of the percent increase in the price of a boat that was bought for $2,700 and later sold for $4,700.

To calculate the percent increase, we follow these steps:

1. First, find the amount of increase by subtracting the original price from the new price. That is $4,700 - $2,700 = $2,000.
2. Then, divide the amount of increase by the original price to find the increase in terms of the original amount. $2,000 / $2,700 = 0.7407 approximately.
3. Finally, multiply this result by 100 to convert it to a percentage. 0.7407 × 100 ≈ 74.07%.

Thus, the percent increase from the original price to the new price is approximately 74.07%.