Question

The original cost for a PS5 was $500. Since the shortage of the console, the price increased by 65%. What is the current cost of the PS5?

Answer 1

The current cost of the PS5 after a 65% price increase from the original cost of $500 is $825. This is calculated by multiplying the original cost by the percentage increase, converting that increase to a decimal (65% becomes 0.65), then adding the result to the original cost.

Step-by-step explanation:

To calculate the current cost of the PS5 after a price increase, we can follow these steps:

1. Calculate the increase in cost by multiplying the original cost by the percentage increase in decimal form.
2. Add the increase to the original cost to find the new price.

The original cost of the PS5 was $500. The price increased by 65%. To convert the percentage to a decimal, we divide by 100, which gives us 0.65. Now, we calculate the increase in cost:

0.65 × $500 = $325

This is the amount by which the price has increased. To find the current cost:

$500 + $325 = $825

Therefore, the current cost of the PS5 after the 65% price increase is $825.

Answer 2

$825

Step-by-step explanation:

To calculate this multiply 500 by 0.65 to get the amount the price was increased by. This comes out to be 325. Add that to the original price to get the answer 825.