Question

percents
finding the final amount given the original amount and a percentage...
the next model of a sports car will cost 14.7% more than the current model. the current model costs $31,000. how much will the price increase in dollars?
what will be the price of the next model?
increase in price: $
price of next model: $

Explanation:

Step1: Calculate price increase

First, find 14.7% of the current price. Convert 14.7% to a decimal: $0.147$.
$\text{Increase} = 31000 \times 0.147$
$\text{Increase} = 4557$

Step2: Calculate next model price

Add the increase to the current price.
$\text{Next price} = 31000 + 4557$
$\text{Next price} = 35557$

Answer:

Increase in price: $\$4557$
Price of next model: $\$35557$