The next model of a sports car will cost 12.3% more than the current model. the current model costs $52,000. how much will the price increase in dollars? what will be the price of the next model?

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Business

Horne

17 November, 07:00

The next model of a sports car will cost 12.3% more than the current model. the current model costs $52,000. how much will the price increase in dollars? what will be the price of the next model?

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Ellen Valencia · Answer 1

The price will increase by $6,396. The total price of the new model is $58,396. This answer is found in two parts. First multiply the old price by the decimal equivalent of 12.3%, 0.123, which looks like: 52,000*0.123=6,396. Then add this value to the price of the old model to get the price of the new model: 52,000+6,396=58,396.