Question

Chester bought a new car with a sticker price of $18,675. He paid 25% of the cost as a down payment. What amount did he Finance?

Answer 1

Given, sticker price, C=$18675.

The down payment amount can be calculated as,

`D=18675*(25)/(100)=4668.75`

Now, the amount he financed can be calculated as,

`S-D=18675-4668.75=14006.25`