# Cost of Car

• Jan 13th 2007, 09:08 AM
symmetry
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?
• Jan 13th 2007, 10:04 AM
CaptainBlack
Quote:

Originally Posted by symmetry
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.

100 dollars over cost is 1020+100=1120 dollars.

RonL