Q:

CT VIEROAnne decided to purchase a vehicle whose MSRP is listed at $24,450. Thedealer is offering a $4000 cash back incentive. If Anne decides to purchasethis vehicle, what will be thevehicle's price?OOOOA. $4000B. $20,450C. $20,050D. $18,450SUBMIT

Accepted Solution

A:
Answer:The correct answer is B. US$ 20,450Step-by-step explanation:1. Let's review the information given to resolve this question:Suggested Retail Price of the vehicle = US$ 24,450Cash back incentive offered by the dealer = US$ 4,0002. What is a cash back incentive? It is an incentive offered to potential buyers of certain service or product whereby they will receive a cash refund after making their purchase.3. Vehicle's final price bought by Anne:Suggested Retail Price - Cash back incentive offered by the dealer24,450 - 4,000 = 20,450If Anne decides to purchase  this vehicle, the price will be US$ 20,450