the current model of a sports car costs $42,000. the next model will cost 13.6% more than the current model…

the current model of a sports car costs $42,000. the next model will cost 13.6% more than the current model. how much will the price of the next model be? what will be the increase in price: $ price of next model: $

the current model of a sports car costs $42,000. the next model will cost 13.6% more than the current model. how much will the price of the next model be? what will be the increase in price: $ price of next model: $

Answer

Explanation:

Step1: Calculate price increase

The price increase is found by multiplying the current - price by the percentage increase. The percentage 13.6% can be written as 0.136 in decimal form. The current price of the sports car model is $42,000. So the increase in price is $42000\times0.136$. $42000\times0.136 = 5712$

Step2: Calculate price of next - model

The price of the next - model is the sum of the current price and the increase in price. So it is $42000 + 5712$. $42000+5712=47712$

Answer:

Increase in price: $5712 Price of next model: $47712