Question

HELP

The next model of A sports car will cost 3.1% more than the current model. The current model costs $42,000. How much will the price increase in dollars what will be the price of the next model

Answer 1

the price will increase by $1,302, and the new price of the next model will be $43,302.

Explanation:

42,000 X (3.1%x100)

42,000 X 0.031=

1,302 Then,

42,000 + 1,302= 43,302

Answer 2

The price will increase by $1,302.

The price of the next model will be $43,302.

Explanation:

To calculate the price increase and the price of the next model, we can use the following steps:

Calculate the Price Increase:

The price increase is given by the formula:

`\sf \text{Price Increase} = \text{Current Price} * \left(\frac{\text{Percentage Increase}}{100}\right)`

Given that the current model costs $42,000 and the percentage increase is 3.1%, substitute these values into the formula:

`\sf \text{Price Increase} = 42,000 * \left((3.1)/(100)\right)`

Calculate the price increase:

`\sf \text{Price Increase} = 42,000 * 0.031`

`\sf \text{Price Increase} = 1,302`

Calculate the Price of the Next Model:

The price of the next model is the sum of the current price and the price increase:

`\sf \text{Next Model Price} = \text{Current Price} + \text{Price Increase}`

Substitute the values:

`\sf \text{Next Model Price} = 42,000 + 1,302`

`\sf \text{Next Model Price} = 43,302`

Summary:

The price will increase by $1,302.

The price of the next model will be $43,302.