SOLUTION: Molly wanted to make an offer on a new car with a sticker price of $12,305. If the dealer’s margin of profit was 16% and Molly wanted to offer $500 more than the base price, calcul
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Question 519065: Molly wanted to make an offer on a new car with a sticker price of $12,305. If the dealer’s margin of profit was 16% and Molly wanted to offer $500 more than the base price, calculate the amount of her offer to the nearest dollar.
Answer by ankor@dixie-net.com(22740) (Show Source): You can put this solution on YOUR website!
Molly wanted to make an offer on a new car with a sticker price of $12,305.
If the dealer’s margin of profit was 16% and Molly wanted to offer $500 more than the base price, calculate the amount of her offer to the nearest dollar.
:
Find the cost (c) of the car to the dealer
:
c + .16c = 12305
1.16c = 12305
c =
c = 10607.76, the cost to the dealer
then
10607.76 + 500 ~ $11,108, the amt of the offer
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