Answer: 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.
