The next model of a sports car will cost 3.7% less than the current model. The current model costs $48,000. How much will the price decrease in dollars? What will be the price of the next model?
Decrease in price: $
Price of next model:
Decrease in price: $48,000 * 3.7% = $<<48000*3.7*.01=1776>>1776
Price of next model: $48,000 - $1,776 = $<<48000-1776=46224>>46,224