Chapter 8 Review

Duwayn Archer sees a minivan that has a base price of $13,785.  Factory-installed options total $1732. There is a destination charge of $440.  What is the sticker price of the minivan?

Nancy Clark is interested in a 4-wheel drive pickup that has a base price of $11,050, options totaling $1349, and a destination charge of $390.  She has read that the dealer’s cost is about 82% of the base price and 80% of the price of the options.  What is the estimated dealer’s cost that Nancy should keep in mind when making an offer?

August LaVoy owns a used Sport Van model WC21 with automatic transmission valued at $13,875, add $100 for an AM/FM stereo, and deduct $550 for no air-conditioning.  What is the average retail price that August should keep in mind when pricing her car for sale?

 Nora Hovey drover her car 13,220 miles last year.  Her records show that fixed costs totaled $1290.60 and variable costs totaled $1940.40. How much did it cost per mile for Nora to operate her car last year?

Nate leased a GMC truck for his flower shop.  He pays $299 per month for 48 months.  His deposit was $300.  He paid a $60 title fee and a $44 license fee.  What is the total lease cost?

*To find the total cost only we have to

Find the total cost by:

Taking the number of days renting and multiplying by the cost per day + Add any extra coverage (such as the collision waiver), gas, plus the cost per mile (number of miles driven x cost per mile) = total cost

*Cost Per Mile =        Total Cost ------- (a +b) divided by  # of Miles Driven