Answer:
Decrease in price: $2,832; price of next model: $45,168
Step-by-step explanation:
One of the easier ways in which to do this problem is to subtract 5.9% from 100%, obtaining 94.1%, equivalent to 0.941.
Then 0.941 times $48,000 results in the price of the next model; it is:
0.941($48,000) = $45,168.
The decrease in price would be $48,000 - $45,168 = $2,832.
