In order to find the decrease in price, we need to multiply the cost of the current model ($52000) by 12.1%.
First, let's remember that:
12.1% = 12.1/100 = 0.121
So, we have:
Decrease in price = $52000 * 0.121
=$52 * 1000 * 0.121
= $52 * 121
= $6292
Now, the price of the next model will be the price of the current one minus the decrease:
Price of next model = $52000 - $6292
= $45708
Therefore, the answers are:
Decrease in price: $6,292
Price of next model: $45,708