james sees a car at the dealership for $30,000 base price, $2,000 premium interior, $1,100 navigation touch…

james sees a car at the dealership for $30,000 base price, $2,000 premium interior, $1,100 navigation touch - screen, and $1,300 smart traffic sensors. if his current vehicle is worth $5,000 and hes offered a 60% trade - in rate, what is the total cost of the car after the $1,400 destination fee?

james sees a car at the dealership for $30,000 base price, $2,000 premium interior, $1,100 navigation touch - screen, and $1,300 smart traffic sensors. if his current vehicle is worth $5,000 and hes offered a 60% trade - in rate, what is the total cost of the car after the $1,400 destination fee?

Answer

Explanation:

Step1: Calculate the total cost before trade - in

Add up the base price and all the additional features. $30000 + 2000+1100 + 1300=34400$

Step2: Calculate the trade - in value

Multiply the value of the current vehicle by the trade - in rate. $5000\times0.6 = 3000$

Step3: Calculate the cost after trade - in and destination fee

Subtract the trade - in value from the total cost before trade - in and then add the destination fee. $34400- 3000+1400=32800$

Answer:

$32800$