Answer:
The new price of the product will be 1.07x, where x is the original price.
The manager has increased the price by 0.07x, which is 7% of the original price. This is equivalent to multiplying the original price by 1 + 0.07, or 1.07.
So, the new price of the product is 1.07 times the original price, or 1.07x.