Question

The next model of a sports car will cost 12. 4% more than the current model. The current model costs 49,000. How much will the price increase in dollars? What will be the price of the next model?

1. Increase in price:

2. Price of next model:

Answer 1

1. $6,076

2. $55076

Explanation:

price increase: 49,000x12.4%

12.4%=0.124

49,000x0.124=6,076

price of next model:49000x0.124=6076

6076+49000=55076