Cost of Car
The suggested list price of a new car is $1200. The dealer's cost is 85% of the list. How much will you pay if the dealer is willing to accept $100 over the cost for the car?
(1) How do I set up an equation to solve this question?
(2) In the question itself we read: "The dealer's cost is 85% of the list." Does this mean we are no longer dealing with 85% but actually 15%?
(3) What does the wording "$100 over the cost for the car" mean?
The dealers cost is 85% of the list price so is 0.85*1200=1020 dollars.
Originally Posted by symmetry
100 dollars over cost is 1020+100=1120 dollars.