SOLUTION: Consumer experts advise us never to pay the sticker price for a car. A rule of thumb is to pay the sticker price minus 20% of the sticker price, plus $200. A car is purchased for $

Question 474147: Consumer experts advise us never to pay the sticker price for a car. A rule of thumb is to pay the sticker price minus 20% of the sticker price, plus $200. A car is purchased for $11,520 using the rule. What was the sticker price?
Found 2 solutions by stanbon, MathTherapy:
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Consumer experts advise us never to pay the sticker price for a car. A rule of thumb is to pay the sticker price minus 20% of the sticker price, plus $200. A car is purchased for $11,520 using the rule. What was the sticker price?
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I assume you mean the buyer paid 11520
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Add 200 to get 11720
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Multiply by 1.2 to get $14064
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Cheers,
Stan H.
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Answer by MathTherapy(10549) (Show Source): You can put this solution on YOUR website!
Consumer experts advise us never to pay the sticker price for a car. A rule of thumb is to pay the sticker price minus 20% of the sticker price, plus $200. A car is purchased for $11,520 using the rule. What was the sticker price?

Let the sticker price be S

Since the sticker price is equivalent to 100%, and 20% is subtracted, then a buyer would pay 80% of the sticker price

Paying 80% of the sticker price, plus $200 would then give us: .8S + 200, and since the buyer paid $11,520, we will have:

.8S + 200 = 11,520
.8S = 11,320

S, or sticker price = = $

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