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In October, Jean shopped around local car dealerships for the best price on her dream car. When Jean finally located what she was looking for, the business manager informed her that she will need a 25% down payment. If the retail price of the car was $18,250, calculate Jean's down payment. Calculate the down payment using the percent model.
a. $456.25
b. $73,000
c. $13,437.50
d. $4562.50

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The answer is d 25% of 18,250 = 4562.5.

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Answer:

Option d.

Step-by-step explanation:

The retail price of the car = $18,250

Jean will need to pay 25% down payment.

Jean's down payment for the car = 25% of 18,250

                                                       = [tex]\frac{25}{100}\times 18,250[/tex]

                                                      = 0.25 × 18,250

                                                      = $4562.50

The amount of down payment would be $4562.50

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