Answer:
Increase In Price = $2,303
New Price = $49,303
Step-by-step explanation:
To find the increase in price from the first to the second, we have to find 4.9% of 47,000
This can be done by multiplying 47,000 by 0.049
47,000 x 0.049 = 2,303
The price will Increase by
$2,303
To find the new price, we add the increased price to the original price.
47,000 + 2,303 =
$49,303
Another way to find the new price is by multiplying 47,000 by 1.049 because you are finding 100% + 4.9% of it, which is 1 + 0.049
47,000 x 1.049 = $49,303
-Chetan K
