Question:
Based on the same question options as found an online resource, we have;
Statement
G. The customer would pay $24,073 for car R
Answer:
The true statement
G. The customer would pay $24,073 for car R
Step-by-step explanation:
Discounts are deductions from the original price of a commodity or service
A rebate is a partial refund after payment is made
The discount offered by the car dealership are;
Discount 1;
5% reduction off a car built last year's original price, + $3,500 rebate
Discount 2;
10% reduction off a car built this year's original price + $1,250 rebate
The year car R was built = Last year
The original price for car R = $25,340
Let 'A' represent the amount the customer would pay, let, 'p' represent the price of the car, let 'd' represent the discount offered, and let 'r' represent the rebate
Given that the payment is made before the rebate, we have;
The amount the customer will pay, A = p - (p×d)
Therefore;
The amount the customer would pay for car R = $25,340 - (0.05 × $25,340) = $24,073
The amount the customer would pay for car S = $22,960 - (0.1 × $22,960) = $20,644
Therefore, the true statement, is the customer would pay $24,073
