The U.S.-based motorcycle manufacturer says that it expects to build 147,000 motorcycles this year, up from 128,000 last year. Find the percent of increase in production.

Answer 1

To find the percent increase in production, we can use the formula:

Percent increase = (new - old) / old * 100%

Where:
new = number of motorcycles built this year = 147,000
old = number of motorcycles built last year = 128,000

Plugging in the values:

Percent increase = (147,000 - 128,000) / 128,000 * 100%
Percent increase = 19,000 / 128,000 * 100%
Percent increase ≈ 14.8%

Therefore, the percent increase in production is approximately 14.8%.