Question

HELPPP 50pts!!!

the next model of a sports car will cost 11.2% less than the current model. the current model costs $48,000. how much will the price decrease in dollars? what will be the price of the next model?

Decrease in price: $?
Price of model: $?

Answer 1

Let that be x

• Current cost=48000

`\\ \sf\longmapsto x=48000-0.112(48000)`

`\\ \sf\longmapsto x=48000-5376`

`\\ \sf\longmapsto x=42624\$`

Answer 2

Decrease in price: $5,376

Price of next model: $42,624

Explanation:

Decrease in Price

Find 11.2% of $48,000

First, convert 11.2% into a decimal:

⇒ 11.2% = 11.2/100 = 0.112

Multiply this by $48,000:

⇒ 0.112 × 48000 = $5376

Therefore, the decrease in price is $5,376

Price of next model

price of next model = current price - 11.2%

= 48000 - 5376

= $42,624

Therefore, the price of the next model is $42,624