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Oliga [24]
3 years ago
14

An elderly relative offers to sell you their used 1958 Cadillac Eldorado for $54,000 You note that very similar cars are selling

on the open market for $87,000. You​ don't care for classic cars and would rather buy a new Ford Explorer for $31,000. What is the net value of buying the​ Cadillac?
Business
1 answer:
sammy [17]3 years ago
8 0

Answer:

$33,000

Explanation:

Calculation for net value of buying the​ Cadillac

Using this formula

Net value =Purchase-Resale price of the Cadillac

Let plug in the formula

Net value =$87,000-$54,000

Net value =$33,000

Therefore the net value of buying the​ Cadillac will be $33,000

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