Find the amount of a 7% offer on a car that has a sticker price of $53,300 and a dealer's cost of $46,907 . Round your answer to the nearest dollar.
A) $\$ 50,104$
B) $\$ 57,031$
C) $\$ 50,190$
D) $\$ 50,955$
E) $\$ 49,569$

Question

Quizplus · Accepted Answer

To find the amount of a 7% offer on a car, we need to first find 7% of the sticker price:

7% of $53,300 = 0.07 x $53,300 = $3,731

This is the amount of the offer. To find the sale price after the offer, we need to subtract this amount from the sticker price:

$53,300 - $3,731 = $49,569

So the sale price of the car is $49,569.

However, the question is asking for the amount of the offer, not the final sale price. So we need to find the difference between the sticker price and the sale price:

$53,300 - $49,569 = $3,731

This is the amount of the offer, which matches Option C ($3,731).

Find the Amount of a 7% Offer on a Car $50,104\$ 50,104$50,104

Find the Amount of a 7% Offer on a Car $\$ 50,104$