The next model of a sports car will cost 5.7% more than the current model the current model cost $35,000 how much will the price increase in dollars what will be the price of the next model
To find the price increase in dollars, we need to find 5.7% of $35,000.
Price increase in dollars = 5.7% * $35,000 = 0.057 * $35,000 = $1,995
Therefore, the price will increase by $1,995.
To find the price of the next model, we need to add the price increase to the current model's price.
Price of the next model = $35,000 + $1,995 = $36,995
Therefore, the price of the next model will be $36,995.
To find out the price increase and the price of the next model, we can follow these steps:
Step 1: Calculate the increase in dollars:
Increase in dollars = Current price * Percentage increase
= $35,000 * 5.7%
Step 2: Calculate the price of the next model:
Price of the next model = Current price + Increase in dollars
= $35,000 + (Increase in dollars)
Let's calculate these values step by step:
Step 1: Calculate the increase in dollars:
Increase in dollars = $35,000 * 5.7%
= $35,000 * (5.7/100)
= $1,995
Step 2: Calculate the price of the next model:
Price of the next model = $35,000 + $1,995
= $36,995
Therefore, the price will increase by $1,995, and the price of the next model will be $36,995.