Answer:
The price increase in dollars= $4,515
Step-by-step explanation:
Cost of the next model = cost of the current model + 12.9% cost of the current model
Cost of the current model = $35,000
12.9% cost of the current model
= 12.9/100 × $35,000
= 0.129 × $35,000
= $4,515
Cost of the next model = cost of the current model + 12.9% cost of the current model
= $35,000 + $4,515
= $39,515
Cost of the next model = $39,515
The price increase in dollars= next model price - current model price
=$39,515 - $35,000
= $4,515
The price increase in dollars = $4,515
