Question

An automobile dealership recently increased the price of a used compact car by 12%. If the price of the car before the increase was $24,600, what

is the new price?

Answer 1

The new price of the car after a 12% increase on the original price of $24,600 is calculated as $27,552 by adding the increase amount of $2,952 to the original price.

Step-by-step explanation:

The subject of the question is Mathematics, and it concerns the calculation of a percentage increase in the price of an item. To find the new price after a 12% increase on the original price of $24,600, you need to calculate the increase amount and then add it to the original price. Here’s the step-by-step calculation:

1. Calculate 12% of $24,600: (12/100) * $24,600 = $2,952.
2. Add the increase to the original price: $24,600 + $2,952 = $27,552.

Therefore, the new price of the car after a 12% increase is $27,552.

Answer 2

The new price of the car after a 12% increase is $27,552.

Step-by-step explanation:

To find the new price of the compact car after a 12% increase, we can use the following formula:

New Price = Original Price + (Original Price x Percentage Increase)

Given that the original price is $24,600 and the percentage increase is 12%, we can substitute these values into the formula:

New Price = $24,600 + ($24,600 x 0.12)

Simplifying the equation, we get:

New Price = $24,600 + $2,952

New Price = $27,552

Therefore, the new price of the car after the increase is $27,552.