Question

Find the sticker price and dealer's cost for the following car: The base price is $18,649.00. Options cost $453.00, $612.00, $386.00, and $290.00. Destination charges total $246.00. The dealer pays 85% of the base price and 70% of the options.

Answer 1

sticker price is $20,636 and dealer cost is $16,800.35

Explanation:

dealers cost

base price $18649 x .85 % = $15851.65

options 453 + 612 + 386 + 290 = $1741 options total

$1747 X .70% = $1218.70

$15,581.65 + $1218.70 = $16,800.35

sticker price

$18,649 + $1741 + $246 (destination charge) = $20,636