Question

The next model of a sports car will cost 6.9% less than the current model. The current model costs $48,000. 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

Price is decreased by $3,312

And, the price of the next model is $44,688

Explanation:

The computation is shown below:

Given that the current model cost is $48,000

And, there is 6.9% lower than the current model

So, the price would decrease in dollars is

= $48,000 × 6.9%

= $3,312

The price of the next model is

= $48,000 - $3,312

= $44,688