Question

The next model of a sports car will cost 5.9% more than the current model. The current model costs $33.000. How much will the price increase in dollars? What will be the price of the next model?

Answer 1

Price increase $1,947

Price of the next model $34,947

Explanation:

Since the next model of a sport car will cost 5.9% more than the current model, and the cost of current model is $33,000

The price increase in dollars would be;

= 5.9% × $33,000

= $1,947

The price of the next model would be;

= Cost of current model + Price increase

= $33,000 + $1,947

= $34,947