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The next model of a sports car will cost 12.6% less than the current model. The current model costs $58,000. How much will the price decrease will be the price of the next model? Decrease in price: quad$◻ Price of next model: quad$◻

The next model of a sports car will cost 12.6% 12.6 \% less than the current model. The current model costs $58,000 \$ 58,000 . How much will the price decrea will be the price of the next model?\newlineDecrease in price: $□ \quad \$ \square \newlinePrice of next model: $□ \quad \$ \square

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Q. The next model of a sports car will cost 12.6% 12.6 \% less than the current model. The current model costs $58,000 \$ 58,000 . How much will the price decrea will be the price of the next model?\newlineDecrease in price: $□ \quad \$ \square \newlinePrice of next model: $□ \quad \$ \square
  1. Calculate decrease in price: Calculate the decrease in price.\newlineTo find the decrease in price, we need to calculate 12.6%12.6\% of the current price of $58,000\$58,000.\newlineDecrease in price = Percentage decrease100\frac{\text{Percentage decrease}}{100} * \text{Current price}
  2. Perform calculation: Perform the calculation for the decrease in price.\newlineDecrease in price = 12.6100\frac{12.6}{100} * $58,000\$58,000\newlineDecrease in price = 0.1260.126 * $58,000\$58,000\newlineDecrease in price = $7,308\$7,308
  3. Calculate price of next model: Calculate the price of the next model.\newlineTo find the price of the next model, we subtract the decrease in price from the current price.\newlinePrice of next model = Current price - Decrease in price
  4. Perform calculation: Perform the calculation for the price of the next model.\newlinePrice of next model = $58,000−$7,308\$58,000 - \$7,308\newlinePrice of next model = $50,692\$50,692

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