Question

PLEASEEE HURRY!!! The next model of a sports car will cost 5.9%

less than the current model. The current model costs 48,000. How much will the price decrease in dollars? What will be the price of the next model?

Answer 1

Decrease in price: $2,832; price of next model: $45,168

Explanation:

One of the easier ways in which to do this problem is to subtract 5.9% from 100%, obtaining 94.1%, equivalent to 0.941.

Then 0.941 times $48,000 results in the price of the next model; it is:

0.941($48,000) = $45,168.

The decrease in price would be $48,000 - $45,168 = $2,832.