Answer:
Step-by-step explanation:
In order to use a percent in the math work, it must be changed to a decimal, so instead if 2% use .02
700 × .02 = 14
14 is the amount of the increase, so it must be added onto the strarting amount.
700 + 14 = 714
A different way to do this is to say the new amount will be all of the original amount (100%) and also the increase (2%) So in just one step we can calculate th new amount
700 × 1.02 = 714
714 is the price now.
