What is the amount of the trade discount, including the incentive (in \( \$ \) )? \( \$ 11,165 \) What is the trade discount rate (in percent)? Round to the nearest tenth of a percent. 45.5 What is the net price (invoice price) to your dealership (in \$)? \( \$ 545 \) If the cars were then sold from the fleets at \$1,000 over "invoice" (net price), what is Enter a number. Although these incentive prices reflect extraordinary discounts to the consumer, what
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The amount of the trade discount is calculated by multiplying the original price by the trade discount rate. So, for a price of \( \$ 11,165 \) with a trade discount rate of \( 45.5\% \), the trade discount would be approximately \( \$ 5,080.83 \). This brings the net price down to \( \$ 6,084.17 \) before adding any additional fees or charges! If the cars are sold from the fleets for \( \$1,000 \) over the net price (which is \( \$ 545 \)), the selling price would be \( \$ 1,545 \) per vehicle. It's a sweet profit margin considering the original price, and those buyers are walking away with a deal while the dealership enjoys some extra revenue. Everyone's happy!