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Math Help - Cost of Car

  1. #1
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    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?
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  2. #2
    Grand Panjandrum
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    Quote Originally Posted by symmetry View Post
    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
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