Question

A boat on sale last week for $8,495.00 is marked up to $9,995.00. What is the percent of price increase to the nearest percent?

Answer 1

The percent of price increase is approximately 17.7%.

Step-by-step explanation:

To find the percent of price increase, subtract the original price from the marked up price to get the increase in price. Then, divide the increase by the original price and multiply by 100 to get the percent. In this case, the increase is $1,500.00 ($9,995.00 - $8,495.00), and the original price is $8,495.00. So, the percent of price increase is approximately 17.7%.