Question

a car rental service rently purchased all new vehicles .to help cover the cost ,rental rates have to increase 26% from the normal rate $45.00 per day. what should the new rate be

Answer 1

The new rate should be $56.67 per day

Explanation:

Proportion states that the two fractions or ratios are equal.

As per the statement:

Normal rate per day = $45

To find the new rate:

Let new rate be x per day

By definition of proportion:

`(126)/(100) = (x)/(45)`

By cross multiply we have;

`100x = 126 * 45`

Divide both sides by 100 we get;

`x = (126 * 45)/(100)`

Simplify:

x = $56.7

Therefore, the new rate should be $56.7 per day