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?

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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