Question

The next model of a sports car will cost 11.2% less than the current model. The current model costs $36,000. How much will the price decrease in dollars? What will be the price of the next model?

Answer 1

The decrease in the price will be $4032

The price of the next model is $31968

Explanation:

The current model costs $36,000.

The next model of a sports car will cost 11.2% less than the current model

So, decrease in price =
`11.2\% * 36000`

=
`(11.2)/(100) * 36000`

=4032

So, the price of next model decrease by $4032

So, the price of the next model= 36000-4032 =31968

Hence the price of the next model is $31968