Compared to the price of the current model sports, the next model price will be 3.7% less.
The cost of the current model sports car is $55,000.
Therefore, the price will decrease in the next model by
[tex]\frac{\text{ \$55000}\times3.7}{100}=\text{ \$2035}[/tex]Hence, the decreased price in dollars is $2035.
Now, the price of the next model will be
[tex]\text{ \$55000-\$2035=\$52,965}[/tex]Hence, the price of the next model is $52,965.
