Question

HELP??

The next model of a sports car will cost 12.2% less than the current model. The current model costs $59,000. How much will the price decrease in dollars? What will be the price of the next model?

Decrease in price _____

Price of next model____

Answer 1

"Decrease in price is $7198"

"Price of next model is $51,802"

Explanation:

The price would decrease by 12.2% of 59,000 because next model is 12.2% LESS THAN 59,000.

To get percentage to decimal, we divide by 100, so 12.2% becomes:

12.2 % = 12.2 / 100 = 0.122

To get the price decrease, we multiply this decimal (0.122) by the current price (59,000). Thus,

Price Decrease = 0.122 * 59000 = $7198

Also, the price of the next model would thus be THIS AMOUNT LESS THAN 59,000. So the price would be:

Price of Next Model = 59,000 - 7198 = $51,802