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Honda Motor Company is considering offering a $ 1 , 8 0 0 rebate on its minivan, lowering the vehicle's price from $ 3 1

Honda Motor Company is considering offering a $ 1,800 rebate on its minivan, lowering the vehicle's price from $ 31,000 to $29,200. The marketing group estimates that this rebate will increase sales over the next year from 40,500 to 55,500 vehicles. Suppose Honda's profit margin with the rebate is $6,400 per vehicle.
First question : What is the cost of the rebate? Round to one decimal place.

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