the next - model of a sports car will cost 13.6% more than the current model. the current model costs…

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

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

Answer

Explanation:

Step1: Calculate the price increase amount

The price increase is 13.6% of the current - price. The current price of the sports car model is $42000. To find the increase amount, we use the formula: Increase amount = Percentage increase×Current price. So, the increase amount = 0.136×42000. $0.136\times42000 = 5712$

Step2: Calculate the price of the next - model

The price of the next - model is the sum of the current price and the increase amount. Let the price of the next - model be $P$. Then $P=42000 + 5712$. $42000+5712=47712$

Answer:

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