To find out how much greater the dealer's price is compared to the Blue Book price, you can use the following formula to calculate the percentage difference:
\[ \text{Percentage difference} = \left( \frac{\text{Dealer's Price} - \text{Blue Book Price}}{\text{Blue Book Price}} \right) \times 100 \]
Given:
- Dealer's Price = $1,595
- Blue Book Price = $1,435
First, calculate the difference between the dealer's price and the Blue Book price:
\[ \text{Difference} = 1,595 - 1,435 = 160 \]
Now, plug this difference into the percentage difference formula:
\[ \text{Percentage difference} = \left( \frac{160}{1,435} \right) \times 100 \]
Calculating this gives:
\[ \text{Percentage difference} \approx \left( 0.111 \right) \times 100 \approx 11.11% \]
Thus, the dealer's price is approximately 11.11% greater than the Blue Book price.