Question

The next model of a sports car will cost 5.5% 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?Decrease in price dollars?

Answer 1

Okay, here we have this:

Considering the provided information, we are going to calculate the requested decrease in dollars and price of the next model, so we obtain the following:

Decrease in dollars=Current price * Percent decrease

Decrease in dollars=$34000 * 5.5%

Decrease in dollars=$1870

Here we obtain that the decrease in dollars will be $1870.

Let's find now the price of the next model:

Price of the next model=Price of the current model - Decrease in dollars

Price of the next model=$34000-$1870

Price of the next model=$32130

Finally we obtain that the decrease in dollars will be $1870 and the price of nnext model is $32130.