ECONOMICS
INCENTIVES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A car dealership offers two types of discounts. Discount 1; take 5% off the original price of a car built last year and then receive a $3, 500 rebate. Discount 2; Take 10% off the original price of a car built this year and then receive a $1, 250 rebate. A customer is deciding between two cars. Car R was built last year and has an original price of $25, 340. Car S was built this year and has an original price of $22, 860. Based on this information, which statement is true?
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The customer would pay $19, 324 for Car S.
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The customer would pay $24, 073 for Car R.
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The customer would pay $21, 824 for Car S.
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The customer would pay $23, 107 for Car R.
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Explanation:
There is 1 question to complete.