Question

James sees a truck at the dealership for $28,000

base price, $1,300 premium interior, $1,200
navigation touch-screen, and $1,700 smart
traffic sensors. If his current vehicle is worth
$5,000 and he's offered a 60% trade-in rate,
what is the total cost of the car after the $1,000
destination fee?
A. $30,200
B. $21,800
C. $28,200
D. $33,200

Answer 1

The correct answer is C. $28,200.

Explanation:

Given that James saw a truck at the dealership for $ 28,000 base price, $ 1,300 premium interior, $ 1,200 navigation touch-screen, and $ 1,700 smart traffic sensors, if his current vehicle is worth $ 5,000 and he's offered a 60% trade-in rate, to determine what is the total cost of the car after the $ 1,000 destination fee, the following calculation must be made:

28,000 + 1,300 + 1,200 + 1,700 - (5,000 x 60/100) = X

32,200 - (5,000 x 0.6) = X

32,200 - 3,000 = X

29,200 = X

29,200 - 1,000 = 28,200

Therefore, the total cost of the car after the $ 1,000 destination fee is $ 28,200.