Question

CT VIERO

Anne decided to purchase a vehicle whose MSRP is listed at $24,450. The
dealer is offering a $4000 cash back incentive. If Anne decides to purchase
this vehicle, what will be thevehicle's price?
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A. $4000
B. $20,450
C. $20,050
D. $18,450
SUBMIT

Answer 1

The correct answer is B. US$ 20,450

Explanation:

1. Let's review the information given to resolve this question:

Suggested Retail Price of the vehicle = US$ 24,450

Cash back incentive offered by the dealer = US$ 4,000

2. What is a cash back incentive?

It is an incentive offered to potential buyers of certain service or product whereby they will receive a cash refund after making their purchase.

3. Vehicle's final price bought by Anne:

Suggested Retail Price - Cash back incentive offered by the dealer

24,450 - 4,000 = 20,450

If Anne decides to purchase this vehicle, the price will be US$ 20,450