The U.S.-based motorcycle manufacturer says that it expects to build 141 comma 000 motorcycles this year, up from 129 comma 000 last year. Find the percent of increase in production.

Question

The​ U.S.-based motorcycle manufacturer says that it expects to build 141 comma 000 motorcycles this​ year, up from 129 comma 000 last year. Find the percent of increase in production.

GPT-4o mini · Answer

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

\[ \text{Percent Increase} = \left( \frac{\text{New Value} - \text{Old Value}}{\text{Old Value}} \right) \times 100 \]

In this case:

Old Value (last year's production) = 129,000
New Value (this year's production) = 141,000

Now, plug in the values:

\[ \text{Percent Increase} = \left( \frac{141,000 - 129,000}{129,000} \right) \times 100 \]

\[ \text{Percent Increase} = \left( \frac{12,000}{129,000} \right) \times 100 \]

\[ \text{Percent Increase} \approx 0.09302326 \times 100 \]

\[ \text{Percent Increase} \approx 9.30% \]

Therefore, the percent of increase in production is approximately 9.30%.

The​ U.S.-based motorcycle manufacturer says that it expects to build 141 comma 000 motorcycles this​ year, up from 129 comma 000 last year. Find the percent of increase in production.

The U.S.-based motorcycle manufacturer says that it expects to build 141 comma 000 motorcycles this year, up from 129 comma 000 last year. Find the percent of increase in production.