Question

The next model of a sports car will cost 4.7% less than the current model. The current model costs $57,000. How much will the price decrease in dollars? What will be the price of the next model?

Answer 1

Explanation:

4.7% of the current price, $57,000, would be

0.047($57,000) = $2679. This is the price decrease.

The new price would thus be $57,000 less $2,679, or $54,321.