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In Mathematics / Middle School | 2014-07-13

Al's Awesome Autos advertised a special sale on cars - Dealer cost plus 5%.

Jack and Margaret bought a luxury sedan for $23,727.90.

What was the dealer's cost?

Asked by Alexneedshelp

Answer (2)

Dealer's cost + 5% = 23,727.90
(1 + .05) dealer's cost = 23,727.90
Dealer's cost = 23.727.90 / 1.05 = 22,598

Answered by AL2006 | 2024-06-10

The dealer's cost of the luxury sedan that Jack and Margaret bought for $23,727.90 is $22,598.00. This is calculated by dividing the sale price by 1.05, which accounts for the 5% markup. Thus, the formula we used is Dealer’s Cost = 1.05 23 , 727.90 ​ .
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Answered by AL2006 | 2024-12-24

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