Question

The list price for a particular automobile with accessories $23,224. If a customer pats cash with no trade in the dealer will give a discount of 0.17 times the list price. What will the car cost in this scenario? This cash value price will be the list price minus the discount

Answer 1

Explanation:

The dealer will give a discount of 0.17 times the list price, so the amount of the discount will be:Discount = 0.17 x $23,224 = $3,947.68The cash value price will be the list price minus the discount:Cash value price = List price - Discount

Cash value price = $23,224 - $3,947.68

Cash value price = $19,276.32

Therefore, the car will cost $19,276.32 if the customer pays cash with no trade-in and receives a discount of 0.17 times the list price.