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Lonnie is purchasing a sedan with a $29,375 base price, $4,200 options total and adestination charge of $840. The dealer's costs are 91.7% of base price and 83.3%of options price.What is lonnies dealer price

Answer :

SOLUTION

We have that the purchasing Base price = $ 29, 375

Recall that the dealer's cost is 91.7% of the base price =

[tex]\frac{91.7}{100}\text{ x \$ 29, 375 = \$ 26, 936. 88}[/tex]

On the other hand, we have that the option's Price = $ 4,200

Recall that the option's cost is 83.3% of the option's price, which is:

[tex]\frac{83.3}{100}\text{ x \$ 4,200 = \$ 3, 498 .60}[/tex]

In conclusion, Lonnie's dealer price is given as :

$ 26, 936. 88 + $ 3,498. 60 = $ 30, 435. 48

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