SOLUTION: The next model of a sports car will cost 11.9% more than the current model. The current model costs $58,000 . How much will the price increase in dollars? What will be the p

Algebra ->  Finance -> SOLUTION: The next model of a sports car will cost 11.9% more than the current model. The current model costs $58,000 . How much will the price increase in dollars? What will be the p      Log On


   



Question 1040253: The next model of a sports car will cost
11.9%
more than the current model. The current model costs
$58,000
. How much will the price increase in dollars? What will be the price of the next model?

Answer by Aldorozos(172) About Me  (Show Source):
You can put this solution on YOUR website!
We know that 11.9% is the same as .119
The price increase = .119 * 58000 = 6902
The price of the new model is 6902+ 58000