SOLUTION
We have that the purchasing Base price = $ 29, 375
Recall that the dealer's cost is 91.7% of the base price =
[tex]\frac{91.7}{100}\text{ x \$ 29, 375 = \$ 26, 936. 88}[/tex]On the other hand, we have that the option's Price = $ 4,200
Recall that the option's cost is 83.3% of the option's price, which is:
[tex]\frac{83.3}{100}\text{ x \$ 4,200 = \$ 3, 498 .60}[/tex]In conclusion, Lonnie's dealer price is given as :
$ 26, 936. 88 + $ 3,498. 60 = $ 30, 435. 48
