SOLUTION: A new car has a list price of ​$24,500. Suppose that the dealer markup on this car is 5%. What is the​ dealer's cost?
Algebra.Com
Question 1083781: A new car has a list price of $24,500. Suppose that the dealer markup on this car is 5%. What is the dealer's cost?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
24500/1.05=23,333
RELATED QUESTIONS
A new car has a list price of $21,500. Suppose that the dealer markup on this car is 5%.... (answered by jorel1380)
The selling price of a car is $21,000. If the markup is 20% of the dealer’s cost, what is (answered by robertb)
Artie buys a new car for $15,000. He makes a down payment of $3,000 and the (answered by Theo)
Miguel purchased a $51,000 RV for the family. The dealer told Miguel that there is a 30... (answered by rfer)
The selling price of a refrigerator is $584. If the markup is 25% of the dealer’s cost,... (answered by ewatrrr)
A car dealer tells you that the price of a new car is $20,000,which is the original price (answered by josmiceli)
Can you tell me if this is the correct answer to the question. The suggest list price of (answered by Earlsdon)
A used-car dealer sells an automobile for $5,200 and makes a 30% markup on the deal. What (answered by Earlsdon)
A car dealer wants to make a profit of $925 on the sale of a car that cost the dealer... (answered by anomis)