Question

The next model of a sports car will cost 5.3% less than the current model. The current model costs $49,000. How much will the price decrease in dollars? What will be the price of the next model?

Answer 1

Price decrease: $2,597

Price of next model: $46,403

Explanation:

100% - 5.3% = 94.7%

94.7% = 0.947 as a decimal

49,000 * 0.947 = 46,403 for next model

The difference is 49,000 (current) - 46,403 (the new model) = $2,597

Hope this helped! Have a great day :D