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In Mathematics / Middle School | 2014-07-16

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 Geraldy

Answer (2)

Dealer's Cost + another 5% of Dealer's cost = (1.05) Dealer's cost.
(1.05) Dealer's cost = $23,727.90
Divide each side by 1.05 :
Dealer's cost = 23 , 727.90/1.05 = 22,598.00

Answered by AL2006 | 2024-06-10

The dealer's cost of the luxury sedan is $22,598.00. This was calculated by dividing the total sale price of $23,727.90 by 1.05, which represents the dealer's cost plus a 5% markup. Thus, the base cost before the markup was $22,598.00.
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Answered by AL2006 | 2024-12-26

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