james sees a car at the dealership for $23,00...
james sees a car at the dealership for $23,000 base price, $1,500 premium interior, $1,000 navigation touch - screen, and $1,700 smart traffic sensors. if his current vehicle is worth $5,000 and hes offered a 70% trade - in rate, what is the total cost of the car after the $1,200 destination fee? $?
Answer
# Explanation:
## Step1: Calculate total cost before trade - in
Add up the base price and all the option prices and the destination fee.
$23000 + 1500+1000 + 1700+1200=28400$
## Step2: Calculate trade - in value
Multiply the value of the current vehicle by the trade - in rate.
$5000\times0.7 = 3500$
## Step3: Calculate final cost
Subtract the trade - in value from the total cost before trade - in.
$28400- 3500=24900$
# Answer:
$24900$