The next model of a sports car will cost 11.9% more than the current model. The current model costs $43,000. How much will the price increase in dollars? What will be the price of the next model?Increase in price: $Price of next model: $
Question
The next model of a sports car will cost 11.9% more than the current model. The current model costs Price of next model: $
Solution
To calculate the price increase in dollars, you need to multiply the current price by the percentage increase.
Step 1: Convert the percentage increase to a decimal. 11.9% = 0.119
Step 2: Multiply the current price by the percentage increase (in decimal form). 5,117
So, the price will increase by $5,117.
To calculate the price of the next model, you need to add the price increase to the current price.
Step 3: Add the price increase to the current price. 5,117 = $48,117
So, the price of the next model will be $48,117.
Increase in price: 48,117
Similar Questions
A car enthusiast learns that a particular model of car, which costs $43,330 new, loses 17% of its value every year. How much will the car be worth in 9 years?If necessary, round your answer to the nearest cent.
A new car is purchased for 17600 dollars. The value of the car depreciates at 11.75% per year. What will the value of the car be, to the nearest cent, after 11 years?
The cost of a ball is $2. Its selling price is $5. What is the percentage increase on the cost price?
The cost price of an article was increased by 15% when sold for N920.00. Find the cost price.
A car's price increased from $15,000 to $18,000. What is the percentage increase in the car's price?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.