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the original price of a 2015 honda insight to the dealer is $17,995. but the dealer will pay only $16,495 after rebate. if the dealer pays honda within 15 days, there is a 1% cash discount. (a) how much is the rebate? (b) what percent is the rebate? (c) what is the amount of the cash discount if the dealer pays within 15 days? (d) what is the dealers final price? (e) what is the dealers total savings?

Respuesta :

DAH539

the original price of a 2015 honda insight to the dealer is $17,995.

after rebate, the dealer will pay $16,495.

The rebate amount can be calculated as follows:

Rebate amount = Original price - Amount paid by the dealer after rebate

    = $17,995--$16,495

    = $1,500

therefore, the rebate amount is  $1,500

Tundexi

a. The amount of the rebate is $1,500

b. The percent of the rebate is 8.34%

c. The amount of the cash discount is $164.95

d. The dealers final price $16,330.05.

Here, we need to calculate the Amount of Rebate and the formulae is {Original price - Price after rebate}

Amount of Rebate = $17,995 - $16,495

Amount of Rebate = $1,500

In conclusion, the amount of the rebate is $1,500.

  • Here, we need to calculate the Percent of Rebate. The formulae is {Rebate Amount / Original Price}

Percent of Rebate = $1,500 / $17,995

Percent of Rebate = 0.0833564879133093

Percent of Rebate = 8.335%

In conclusion, the percent of the rebate is 8.34%

  • Here, we need to calculate the amount of Cash Discount. The formulae is {Price after rebate x 1%}

Amount of Cash Discount = $16,495 x 1 / 100

Amount of Cash Discount = $16,495 x 0.01

Amount of Cash Discount = $164.95

In conclusion, the amount of the cash discount if the dealer pays within 15 days is $164.95.

  • Here, we need to calculate the dealers final price

Description                            Amount

Original Price (a)                    $17,995

Less : Rebate (b)                    $1,500

Price after Rebate (a) - (b)     $16,495

Less : 1% Cash Discount (c)   $164.95

Final Price                               $16,330.05

In conclusion, the dealers final price is $16,330.05.

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