SOLUTION: A new boat cost $7,500 last year. This year, the price increased 3%. What is the price of this year's model?

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: A new boat cost $7,500 last year. This year, the price increased 3%. What is the price of this year's model?      Log On


   

Question 1067767: A new boat cost $7,500 last year. This year, the price increased 3%. What is the price of this year's model?
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
3% of 7500 is 7500*0.03=225
the new price is $7725