Math Problem Statement
A car dealership increased the price of a certain car by 3%. The original price was $37,400. (a) Fill in the blank to write the new price in terms of the original price. Write your answer as a decimal. New=price×Originalprice (b) Use your answer in part (a) to determine the new price. Newprice:$
Solution
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Math Problem Analysis
Mathematical Concepts
Percentage Increase
Basic Algebra
Formulas
New price = (1 + percentage) × Original price
Theorems
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Suitable Grade Level
Grades 6-8
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