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A car dealer can buy midsize cars for 12% under the list price, and he can buy luxury cars for 15% under the list price.

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A car dealer can buy midsize cars for 12% under the list price, and he can buy luxury cars for 15% under the list price. The following table gives the list prices for two midsize and two luxury cars. Midsize 35,000 40,000 Luxury 47,000 55,000 Write these data in a matrix and multiply it on the left by the matrix below. 0.88 0 0 0.85 What does each entry in this product matrix represent? the difference between the dealer's discounted price and the list price for one of the cars the number of cars sold at the list price O the dealer's discounted price for each of the cars the list price for one of the cars O the number of cars the dealer bought at the discounted price

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