Question

If the car dealer pays 85% of the base price and 75% of the installed options price from the manufacturer,

how much does the dealer pay for the car with a base price of $18,750 and installed options price $2380

including a destination charge of $285?

Oь

$18,007,50

21,415.00

18,245.5

13,969.13

Od

Answer 1

$18,007,50

Explanation:

First, you have to calculate the 85% of the base price that the dealer pays for the car:

base price: $18,750

$18,750*85%= $15,937.5

Second, you have to calculate the 75% of the installed options price that the dealer pays:

installed options price= $2,380

$2380*75%= $1,785

Third, you have to add the 85% of the base price plus the 75% of the installed options that the dealer has to pay and you also have to add the destination charge of $285:

$15,937.5+$1,785+$285= $18,007.5

According to this, the dealer has to pay $18,007.5 for the car with a base price of $18,750 and installed options price $2380 including a destination charge of $285.