Question

The next model of a sports car will cost 12.3% more than the current model. The current model costs $49,000. How much will the price increase in dollars?

What will be the price of the next model?

Answer 1

First write the percent as a decimal to make calculating for the answer easier. Then, u see that its telling you it will be 12.3% more than current price.

Explanation:

Answer 2

The price increase is $6,027

The price of the next model is $55,027

Explanation:

Find the cost of the next model by multiplying 49,000 by 1.123

49,000(1.123)

= 55,027

Find the price increase by finding the difference:

55,027 - 49,000

= 6,027

The price increase is $6,027

The price of the next model is $55,027