Q:

HELP??The next model of a sports car will cost 12.2% less than the current model. The current model costs $59,000. How much will the price decrease in dollars? What will be the price of the next model?Decrease in price _____Price of next model____

Accepted Solution

A:
Answer:"Decrease in price is $7198""Price of next model is $51,802"Step-by-step explanation:The price would decrease by 12.2% of 59,000 because next model is 12.2% LESS THAN 59,000.To get percentage to decimal, we divide by 100, so 12.2% becomes:12.2 % = 12.2 / 100 = 0.122To get the price decrease, we multiply this decimal (0.122) by the current price (59,000). Thus,Price Decrease = 0.122 * 59000 = $7198Also, the price of the next model would thus be THIS AMOUNT LESS THAN 59,000. So the price would be:Price of Next Model = 59,000 - 7198 = $51,802