The original price of a Honda Shadow to the dealer was $17,045, but the dealer will...
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The original price of a Honda Shadow to the dealer was $17,045, but the dealer will pay only $16,335 after rebate. If the dealer pays Honda within 15 days, there is a 1% cash discount. a. How much is the rebate? Amount of rebate b. What percent is the rebate? Note: Round your answer to the nearest hundredth percent. Percentage of rebate c. What is the amount of the cash discount if the dealer pays within 15 days? Note: Round your answer to the nearest cent. Amount of cash discount The original price of a Honda Shadow to the dealer was $17,045, but the dealer will pay only $16,335 after rebate. If the dealer pays Honda within 15 days, there is a 1% cash discount. a. How much is the rebate? Amount of rebate b. What percent is the rebate? Note: Round your answer to the nearest hundredth percent. Percentage of rebate c. What is the amount of the cash discount if the dealer pays within 15 days? Note: Round your answer to the nearest cent. Amount of cash discount
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a To calculate the amount of the rebate we need to find the difference between the origina... View the full answer
Related Book For
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
Posted Date:
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