Chapter 9 Quiz (9-1 through 9-4)

Janet Smith is shopping for a new sport utility vehicle. A portion of the sticker for an SUV is shown below. What is the sticker price?  
SUV Base Price $28,150
Optional Equipment Description Anti-Lock Brakes (ABS)                              $900
Automatic Transmission (ATO)   $630
Deluxe CD/Radio                        $1,420
Destination Charge                     $699

• $28,150
• $31,300
• $31,799
• $33,849

Palmer Mercedes wants to buy a new sport hatchback. The base price for the car is $26,970 and the destination charge is $600. The option package, including a 12-disc CD changer for his trunk, costs $2,440. What is the sticker price?

• $27,570
• $28,110
• $30,010
• $30,550

Car dealer Aakar Singh pays 89% for a car that has a base price of $23,998. He pays 87% of its $3,425 options price and a $460 destination charge. What is the dealer’s cost?

• $21,358.22
• $21,818.22
• $24,337.97
• $24,797.97

Jian Lee researched the dealer’s cost of a new car he wanted to purchase. He found that the dealer’s base cost was $23,450.50 and the dealer’s cost for the options he wanted was $2,300.75. The dealer would pass the $650 destination charge on to the consumer. If the percent of dealer’s cost is 84% and the percent of dealer’s cost of options is 88%, find the car’s sticker price.

• $30,513.57
• $30,531.75
• $22,373.08
• $33,450.21

Paula Brock wants to purchase a four-year-old V6 sedan 4-door, which is advertised at $11,925. The car has no air-conditioning and no power seats. It has been driven 49,000 miles. The used-vehicle guide does not indicate any adjustment for this car’s mileage. What is the average retail price for this vehicle?

Four-Year-Old Vehicles Average Retail

Value V6 Sedan 4-Door $11,925

Value V8 Sedan 4-Door $13,925

Deduct with no Air-Conditioning $800

Deduct with no Power Seats $150

Add Aluminum/Alloy Wheels $200

Add Compact Disc Player $100

Add Leather Seats $350

Add Theft Recovery System $50

• $12,975

• $11,675

• $10,908

• $10,975

Nate Shermach found a two-year-old luxury car advertised for $31,175. Its average retail value is $30,850. It has aluminum alloy wheels valued at $300 and a theft recovery system valued at $75, but it does not include a CD player, which is valued at $100. The car has been driven 47,005 miles. The used-vehicle guide indicates that if the car’s mileage is between 46,000 and 51,000 miles, $700 should be deducted. What is the average retail price for this vehicle?

• $30,164
• $30,425
• $31,098
• $32,874

Use Figure 9.2. Ivan Cabrerra’s  insurance policy includes 50/100 bodily injury limits and $50,000 property damage. Her vehicle is in age group B and insurance rating group 13. She has a $50 deductible comprehensive and $50 deductible collision insurance. Miller’s driver-rating factor is 2.2. What is her annual premium?

• $790
• $895
• $1,512
• $1,617

Use Figure 9.2. Kevin Mahan is the principal operator of his vehicle. His driver-rating factor is 1.8 and his car is in age group C and insurance-rating group 10. The coverage he wants to purchase is 50/100 bodily injury and $25,000 for property damage. He would also like to have $50 deductible for both comprehensive and collision. What is his annual premium? 

• $1,023.30
• $1,056.60
• $1,090.70
• $1,230.50

The _________ _______ is the price of the vehicle's engine, chassis, and any other standard equipment for a particular model

• base price
• dealer's cost 
• destination charge 
• options 

_____________ insurance is the insurance protection from losses due to fire, vandalism, theft, and other causes

• liability 
• collision 
• comprehensive
• lease