SOLUTION: A buyer paid $44,850, including the buyer’s premium, for a car auction. If the auction adds a 15% buyer’s premium to the sale price of the car then what was the sale price of the c
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Question 1108138: A buyer paid $44,850, including the buyer’s premium, for a car auction. If the auction adds a 15% buyer’s premium to the sale price of the car then what was the sale price of the car ?
Answer by algebrahouse.com(1659) (Show Source): You can put this solution on YOUR website!
If the $44,850 includes the 15% buyer's premium added onto the sale price,
then that amount is 115% of the sale price.
x = the sale price
1.15x = 44,850 {the final price is 115% of the sale price}
x = 39,000 {divided each side by 1.15}
The sale price was $39,000
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