A laptop computer originally priced at $1,700 now sells for $1,800. What is the percent of increase?%.The percent of increase is(Type an integer or decimal rounded to one decimal place as needed.)

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EXPLANATION:

We are given the original price of a laptop computer at $1,700.

Now the price has been increased to $1,800.

Note that there is a $100 increase over the original price.

For us to calculate the percent increase we shall use the ratio of the increase over the original price and calculate as a percentage.

[tex]\begin{gathered} Original\text{ price}=1700 \\ Increase=100 \\ Percent=x \end{gathered}[/tex]

We can now set up the following equation;

[tex]\frac{100}{1700}=\frac{x}{100}[/tex]

We now cross multiply;

[tex]\frac{100\times100}{1700}=x[/tex][tex]\frac{10000}{1700}=x[/tex][tex]x=5.8823...[/tex]

Rounded to one decimal place, the percent increase is;

ANSWER:

[tex]Increase=5.9\%[/tex]