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A computer company's featured laptop cost $800 last year. This year, the laptop sold for 15% less than it did last year. Next year, after updates are made to the model, there will be a 25% price increase over this year's price. What will be the price next year?
  • a)
    $810
  • b)
    $825
  • c)
    $840
  • d)
    $850
  • e)
     $880
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
A computer company's featured laptop cost $800 last year. This yea...
First, calculate the price of the laptop this year. Then, use that price to determine what the price will be next year. After a 15% decrease in price, the system would sell for 85% of $800: 0.85 x $800 = $680. If there is a 25% increase next year, the system would sell for 125% of this year's price. That would be 125% of $680: 1.25 x $680 = $850 (D).
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Most Upvoted Answer
A computer company's featured laptop cost $800 last year. This yea...
Initial Price of the Laptop
The laptop's cost last year was $800.
Price Decrease This Year
This year, the laptop is sold for 15% less than its original price.
- Calculation of 15% of $800:
- 15% of $800 = 0.15 * 800 = $120
- New price this year:
- $800 - $120 = $680
Price Increase Next Year
Next year, the price will increase by 25% over this year's price.
- Calculation of 25% of $680:
- 25% of $680 = 0.25 * 680 = $170
- New price next year:
- $680 + $170 = $850
Conclusion
The price of the laptop next year will be $850, which corresponds to option 'D'.
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