Question

The next model of a sports car will cost 11.3% less than the current model. The current model costs $45,000. How much will the price decrease in dollars? What will be the price of the next model?

Answer 1

Hello!

To find the cost of the next model, you'll need to turn 11.3% into a decimal. You can do this by moving the decimal place to the left twice, giving you 0.113. Next, you'll need to multiply 45,000 with 0.113 to get the cost of the new model. Once you've done that, the cost of the new model should be $5058. Now to find how much it decreased, you'll need to subtract the cost of the new car from the current model.

45,000-5058

Once you've subtract 5058 from 45,000, the cost of the car should have decreased by $39,942

Recap:

Price of Next Model: $5058
Decrease By: $39,942

I hope this helps!