Suppose a certain car manufacturer's incentive program designed to reduce inventory of certain low-selling models offers a \( \$ 7,000 \) extra dealer incentive for each of these vehicles that the dealer moved into its rental or service fleets. As the accountant for a dealership with a number of these or \( \$ \) vehicles left in stock, your manager has asked you to calculate certain invoice figures. The normal trade discount from this car manufacturer is \( 17 \% \). If the average sticker price (list price) of these remaining vehicles at your dealership is \( \$ 24,500 \), calculate the following. per What is the trade discount rate 11,165 (in percent)? Round to the nearest tenth of a percent.

To calculate the trade discount amount, multiply the average sticker price by the trade discount rate. First, find the trade discount amount: \[ \text{Trade Discount} = \$24,500 \times 0.17 = \$4,165 \] Next, subtract the trade discount amount from the sticker price to find the invoice amount: \[ \text{Invoice Amount} = \$24,500 - \$4,165 = \$20,335 \] Now, to find the trade discount rate in percent based on the invoice amount, use this formula: \[ \text{Trade Discount Rate} = \left( \frac{\text{Trade Discount}}{\text{Sticker Price}} \right) \times 100 \] \[ \text{Trade Discount Rate} = \left( \frac{4,165}{24,500} \right) \times 100 \approx 17.0\% \] Thus, the trade discount rate remains at 17.0%. In conclusion, the trade discount rate based off \( 11,165 \) is not directly required since it pertains to inventory priced under the same discount structure. Always ensure to double-check if any unique adjustments are included in your calculations!