Question

Lisa and Tomas Lopez are buying a new minivan that has a baseprice of $22,510. The options total $8,062 and the destinationcharge is $770. The dealer’s cost is estimated to be 91% of thebase price and 88% of the price of the options.a.What is the sticker price of the vehicle?b.Find the dealer’s percent of the base price.c.Find the dealer’s percent of the options price.d.What is the estimated dealer’s cost?

Answer 1

Given:

Base price = $22,150

Options total = $8,062

Destination charge = $770

Dealer's cost = 91% of base price and 88% of price options.

Let's solve for the following:

• (a) What is the sticker price of the vehicle?

Let's first find the dealers cost.

We have:

Dealers cost = (91% of base price) + (88% of price options)

Dealer's cost = (0.91 x 22150) + (0.88 x 8062)

= 20156.5 + 7094.56

= 27251.06

The dealer's cost is = $27251.06

To find the sticker price, we have:

Sticker cost = Base price + Options total + Destination charge

Sticker cost = 22150 + 8062 + 770

Sticker cost = 309