james sees a car at the dealership for $23,000 base price, $1,500 premium interior, $1,000 navigation touch…

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? $?

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:

$24900$