SOLUTION: The price of a computer system is $1,000. Next week the price will increase by 15%. How much money will you save by purchasing the computer system before the price increase?

Question 253020: The price of a computer system is $1,000. Next week the price will increase by 15%.
How much money will you save by purchasing the computer system before the price increase?
1. $15
2. $150
3. $500
4. $850
5. $1150
Found 2 solutions by JimboP1977, sebers123:
Answer by JimboP1977(311) (Show Source): You can put this solution on YOUR website!
When dealing with percentage INCREASES always remember that the price is increased by itself plus the percentage increase.
So in this example the original price is $1000. It is increased (multiplied) by itself (so 1) plus the percentage (0.15). So prices is increased to $1150.
Another way of looking at is to find 15% of the original price and then add this to the original price. So 1 percent of $1000 is $10, so 15 percent must be 15 times $10 which is $150.
Does that make sense?
Answer by sebers123(1) (Show Source): You can put this solution on YOUR website!
1150
RELATED QUESTIONS
The regular price of a computer is $1299.00. How much will you save if the computer is... (answered by JulietG)
The next model of a sports car will cost 14.3% more than the current model. The current... (answered by mananth)
The current petrol price per litre is R12.20.If the price increase by 7.5% how much will... (answered by macston)
the current petrol price per litre is R13.20 if the price increase by 7.5 persent how... (answered by stanbon)
Suppose you are have purchased a house and need a loan for $255,000. You decide to do a... (answered by Theo)
the next model of a sports car will cost 12.1% less then the current model. The current... (answered by josgarithmetic)
to save for the coming holiday season, you decided to save constantly increasing amounts... (answered by greenestamps)
The Computer Store has reduced the price of a computer by 15%. What is the original price (answered by checkley77)
the current petrol price ii R13.20 per litre. if the price increase by 7.5% how much will (answered by LinnW)