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12 votes
12 votes
The next model of a sports car will cost 3.7% less than the current model. The current model cost $55,000. How much will the price decrease in dollars? What will be the price of the next model?

User AndreasKnudsen
by
3.3k points

1 Answer

22 votes
22 votes

Compared to the price of the current model sports, the next model price will be 3.7% less.

The cost of the current model sports car is $55,000.

Therefore, the price will decrease in the next model by


\frac{\text{ \$55000}*3.7}{100}=\text{ \$2035}

Hence, the decreased price in dollars is $2035.

Now, the price of the next model will be


\text{ \$55000-\$2035=\$52,965}

Hence, the price of the next model is $52,965.

User BungleFeet
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2.9k points