The Open Road A vehicle can be a symbol of freedom, but it requires responsibility. What responsibilities come along with owning and operating a vehicle?

Lesson Objective Content Vocabulary Calculate the dealer’s cost of a new vehicle. Content Vocabulary dealer’s cost dealer’s cost The price the dealer actually pays for a vehicle, usually expressed as a percent of the base price, plus a percept of the options price, plus the destination charge.

Example 1 The Wengs want to purchase a new car. The car has a base price of $12,905, options totaling $2,010, and a destination charge of $360. The dealer’s cost for the car is 95 percent of the base price and 89 percent of the options price. What should they estimate as the dealer’s cost?

Example 1 Answer: Step 1 Find the percent of base price. $12,905.00 × 95% = $12,259.75

Example 1 Answer: Step 2 Find the percent of options price. $2,010.00 × 89% = $1,788.90

Example 1 Answer: Step 3 Find the dealer’s cost. Percent of + Percent of + Destination Base Price Options Price Charge $12,259.75 + $1,788.90 + $360.00 = $14,408.65

Practice 1 A hatchback’s base price is $10,249. The options total $910. The destination charge is $495. Dealer pays about 93.5 percent of base price and 77 percent of options. What is the dealer’s cost?

Practice 1 Answer $10,778.52

Practice 2 A convertible’s base price is $25,495. The options total $800. The destination charge is $485. Dealer pays 90 percent of base price and 86 percent of options. What is the dealer’s cost?

Practice 2 Answer $24,118.50