P 4–19: Gong-Fen s.com

Suppose a new car is sold for $45,000 ($500 over dealer cost) and the buyer receives a trade-in allowance on his old car of $8,000 and pays the difference in cash. That used car is then sold for $10,800. The dealer makes $500 on the new car and $2,800 on the used car. Infantino also offers parts and service for the new and pre-owned cars it sells. ................
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