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Popular Word Problems >

The next model of a sports car will cost 4.8% more than the current model. The current model costs 34,000. How much will the price increase in dollars? What will be the price of the next model?

Solution

T h e n e x t m o d e l o f a s p or t s c a r w i ll cos t 4.8% m ore t han t h e c u rre n t m o d e l . T h e c u rre n t m o d e l cos t s 34, 000. Ho w m u c h w i ll t h e p r i ce in cre a se in d o ll a rs ? Wha t w i ll b e t h e p r i ce o f t h e n e x t m o d e l ?

Solution

Amount after addition : 35632

Solution steps

Translate the problem into an equation:

x = 34000 + 0.048 \cdot 34000

x = 34000 + 0.048 \cdot 34000 : x = 35632

Amount after addition : 35632

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