SOLUTION: In November, 2% more new cars were sold than in October, but 2% fewer new cars were sold in December than in November. If 250,000 new cars were sold in October, how many were sold

Question 255592: In November, 2% more new cars were sold than in October, but 2% fewer new cars were sold in December than in November. If 250,000 new cars were sold in October, how many were sold in December?
(1) 250,000 (2) 249,900 (3) 248,000 (4) 247,750

Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
october sold 250,000 cars

november sold 250,000 + (.02)*250,000 = 250,000 * (1 + .02) = 250,000 * (1.02) = 255,000 cars.

december sold 255,000 - (.02*255,000) = 255,000 * (1 - .02) = 255,000 * (.98) = 249,900 cars.

answer is selection (2).

RELATED QUESTIONS
The ratio of sports cars to luxury cars sold in St. Louis last year was 3 to 2. If 20... (answered by Fombitz)

Question: The Business Club's thrice-yearly car wash serviced 398 cars this year. A total (answered by solver91311)

The number of lemons a fruit seller bought in December was 30% more than in November. In... (answered by Theo,greenestamps)

Automobile sales. The ratio of sports cars to luxury cars sold in Wentworth one month... (answered by ankor@dixie-net.com)

Of the new cars in a car dealer's lot, 1 in 6 are white. Today, 4 cars were sold. Round... (answered by ewatrrr)

There were 24 students in Mrs.Terry's class. 1/6 of the students were born in the first 4 (answered by rwm)

Twenty four students are in Miss favor's class. One sixth 1/6 of the students were born... (answered by ikleyn)

How do I solve this word problem? "In march, Rodney sold twice as many cars as Greg. In... (answered by joey_quizan)

Leroy ordered 2 boxes of model cars. He sold 7 cars and now has 17 cars left. How many... (answered by Ehsan)