The next model of a sports car will cost 12.8% less than the current model. The current model costs $38,000. How much will the price decrease in dollars? What

will be the price of the next model?

Decrease in price:

Price of next model:

The cost of next model car is $ 33136.

Step-by-step explanation:

Given,

The cost of current model car is $38000

The next model car is 12.8% less than the current model.

To find the cost of next model

Formula

If the price of object is $x and it decreases r% for next year, the value o the object for next year is = $ x * (100-r) %

So,

The cost of next model = $ 38000 * (100-12.8) %

= $ 38000*87.2%

= $ 33136