Question

The next model of a sports car will cost 12.8% less than the current model. The current model costs $38,000. How much will the price decrease in dollars? What
will be the price of the next model?
Decrease in price:
Price of next model:

Answer 1

The cost of next model car is $ 33136.

Step-by-step explanation:

Given,

The cost of current model car is $38000

The next model car is 12.8% less than the current model.

To find the cost of next model

Formula

If the price of object is $x and it decreases r% for next year, the value o the object for next year is = $ x×(100-r)%

So,

The cost of next model = $ 38000×(100-12.8)%

= $ 38000×87.2%

= $ 33136