What was the delivered price if the customer put a down payment of $2,200 toward the purchase? The purchase price of a new van was $22,980. The sales tax rate in the state was 5.5%, and registration fees came to $133. There was also a $1,500 manufacturers rebate on the van.
A. $20,676.90 B. $22,876.90 C. $24,376.90 D. $22,376.90
The correct answer to this question is B, $22,876.90. This type of question would primarily be found on Business Education tests. This is a field which studies the fundamentals and processes of business. This field is mainly studied in higher, secondary, and university educations.
Statistics show that nearly 38% of high school students partake in a business course. Though it is not a mandatory requirement for a car salesman, it would be helpful to them to be knowledgeable on how to answer such a question as the one posed. That way, they can quickly give their customers fast pricing totals.