Answer:
$1225
$33,775
Step-by-step explanation:
Given:
- price of current model = $35,000
- next model = 3.5% LESS than price of current model
To find a percentage of an amount, convert the percentage into a decimal and multiply it by the amount:
3.5% = 3.5/100 = 0.035
⇒ Decrease in price = 0.035 × 35000 = $1225
Price of next model = price of current model - decrease in price
= 35000 - 1225
= $33,775
