Question

The next model of a sports car will cost 13.6% more than the current model. The current model costs $44,000. How much will the price increase in dollars? What will be the price of the next model? Increase in price: s() Price of next model:​

Answer 1

Hey there,

Given that 'next model of a sports car will cost 13.6% more than the current model. The current model costs $44,000.' Using this information, we can find :-

Increase price = ?

Cost after increase = ?

Price of New model = ?

SOLVING

$44000 shows 100% of original cost

=> 100+13.6

=> 113.6%

`= > (113.6)/(100)`

=> 1.136

Now multiplying by 1.136, gives us the cost after increase :-

=> 44,000 × 1.136

=> $49,984

New price -

=> 44,000+49,984

=> $93,984

Therefore,

Increase in price = 1.136

Cost after increase = $49,984

New price of model = $93,984