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Answer :
To calculate the new rental rate after increasing the normal rate of $45.00 by 26%, you multiply 0.26 by $45.00 to get $11.70, and then add this to the original rate, resulting in a new rate of $56.70.
The student's question relates to a percentage increase in the cost of a car rental service. To calculate the new rental rate after a 26% increase from the normal rate of $45.00 per day, you apply the percentage increase to the original amount and then add this to the original rate.
Calculating the New Rental Rate:
1. Calculate the amount of increase: 26% of $45.00
Amount of increase = 0.26 (the percentage increase) × $45.00 (the original rate)
Amount of increase = $11.70
2. Add the increase to the original rate:
New rental rate = $45.00 + $11.70
New rental rate = $56.70
The new rental rate should be $56.70 per day after accounting for the 26% increase.
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Answer:
The new rate should be $56.67 per day
Step-by-step explanation:
Proportion states that the two fractions or ratios are equal.
As per the statement:
Normal rate per day = $45
To find the new rate:
Let new rate be x per day
By definition of proportion:
[tex]\frac{126}{100} = \frac{x}{45}[/tex]
By cross multiply we have;
[tex]100x = 126 \times 45[/tex]
Divide both sides by 100 we get;
[tex]x = \frac{126 \times 45}{100}[/tex]
Simplify:
x = $56.7
Therefore, the new rate should be $56.7 per day
