Question

The next model of a sports car will cost 12.2% less than the current model. The current model costs $34,000 . How much will the price decrease in dollars? What will be the price of the next model?

Answer 1

• Price decrease in dollars = $4,148
• Price of next model = $29,852

Explanation:

The next car will be 12.2% cheaper. This amount in dollars is:

= Percentage decrease * Current model price

= 12.2% * 34,000

= $4,148

The price of the next model will therefore be:

= 34,000 - 4,148

= $29,852