Business Math

Business Math

Grade11

What does owning a car represents in our society?

Objectives

• Interpret the classic cars

• Calculate the average retail value

• Evaluate the different cars and its wholesale and retail price

Does this look like a new car?

What are these cars called?

Open Ended

What is a classic car?

Classic

Usually, the classic car moniker applies to vehicles over 20 years old. 

Multiple Choice

State if the statement is true or false.

Dealers must display a buyer’s guide

sticker in the window of a used vehicle for sale

• True

• False

Multiple Choice

The expansion of the acronym (NADA)

• National Automobile Dealers Associate

• National Automatic dealer's association

• National Auto dealer's association

• National Automobile Dealers Association

Multiple Choice

Vehicle Market Research (VMR) guides published monthly give the ________prices for vehicles purchased from dealers during the previous month

• medium

• valuable

• average

Open Ended

Which classic car do you like?

Open Ended

Rick Takei has a 4-wheel drive vehicle whose average retail value is $15,857. A used vehicle guide adds $60 for heated outside mirrors, $250 for rear and side airbags, $175 for cruise control, and $100 for remote keyless entry. It suggests deducting $750 for excessive mileage.

What is the average retail price?

Open Ended

Bellamy Previously Owned Vehicles has a 5-year-old luxury vehicle with a $17,800 average retail value. Add $450 for a tilt steering wheel and $400 for a surround-sound speaker system. Deduct $660 for excessive mileage. What is the average retail price?

Open Ended

What is the formula of average retail value?

Open Ended

Find the average retail value and average wholesale value of a car you like.Also reason out the difference in price.

Prices

https://www.car-buying-strategies.com/dealer-invoice/toyota-rav4-prices.html

Open Ended

Why do you like to buy a new car?

Open Ended

Plenary

Give a summary of the lesson.