The next model sports car will cost 5.2% more than the current model. The current model costs $55,000. How much will the price increase in dollars? What will be the price of the next model?

The price increase = $2,860.

The price of the next model will be $57,860.

Step-by-step explanation:

Given: The next model sports car will cost 5.2% more than the current model.

Current model costs $55,000.

Price increase = 5.2%  of (Cost of current model)

= (0.052) x ($55000)

= $ 2860

So, the price increase = $2860.

Price of the next model = Cost of current model +  price increase

= $(55000+2860)

= $ 57,860

Hence, the price of the next model will be $57,860.

good luck on your studies! : )

david edward.