Question

The next model of a sports car will cost 4.1%, more than the current model. The current model costs $58,000 How much will the price increase in dollars? What

will be the price of the next model?

Answer 1

$60378

Explanation:

$58,000 represents 100% of the original cost

100 + 4.1= 104.1% = 104.1/100 = 1.041

Multiplying by 1.041 gives the cost after the increase

price = 53000 x 1.041 = $60378