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The next model sports car will cost 5.2% more than the current model. The current model costs $55,000. How much will the price increase in dollars? What will be the price of the next model?

User Dan Liu
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1 Answer

5 votes

Answer: The price increase = $2,860.

The price of the next model will be $57,860.

Explanation:

Given: The next model sports car will cost 5.2% more than the current model.

Current model costs $55,000.

Price increase = 5.2% of (Cost of current model)

= (0.052) x ($55000)

= $ 2860

So, the price increase = $2860.

Price of the next model = Cost of current model + price increase

= $(55000+2860)

= $ 57,860

Hence, the price of the next model will be $57,860.

User Dwwork
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