The next model of a sports car will cost 5.6% less than the current model. The current model cost $42,000. How much will the price decrease in dollars? What will be the price of the next model?

Decrease in price:

Price of next model:

Answer: Decrease in price = $2,353, Price of next model = $39,648

Step-by-step explanation:

Current model is $42,000, so the amount of the decrease will be $42,000 x. 056 = $2,352 decrease amount.

The price is going to be $2,352 less than the current model, so the new model will be $42,000 - $2,352 = $39,648.