Question

The next model of sports car will cost 4.7% more than the current model. The current model cost $ 37,000. How much will the price increase in dollars? What will the price of the next model be?​

Answer 1

$ 1739 is increased and the price of the next model is $ 38739.

Step-by-step explanation:

The price of the "current model sports car" cost is $ 37000.

Let the price of the "current model sports car" is y.

Given that,

The price of the "next model sports car" cost is 4.7% more than price of "current model sports car".

Let the price of the "next model sports car" is x.

The price increase in dollars:

4.7% more than price of "current model sports car" is 4.7%(y)

`=(4.7)/(100)*37000`

= 1739

Therefore, The price increased in dollars is $ 1739.

The price of the "next model sports car":

Then the price of the "next model sports car" be x = y + 4.7%(y)

`x=37000+(4.7)/(100)*37000`

`x=37000+0.047*37000`

`x=37000+1739`

x = 38739

Therefore, price of the "next model sports car" is $ 38739.