document.write( "Question 1084990: A new car has a list price of $21,500. Suppose that the dealer markup on this car is 5%. What is the dealer's cost? (Please show your work so I know how you got the answer. Thanks!) \n" ); document.write( "
Algebra.Com's Answer #699001 by jorel1380(3719)![]() ![]() You can put this solution on YOUR website! If the dealer mark-up is 5%, then the dealer is selling the car for 105% of what he paid for it (100% dealer's cost + 5% mark-up). So: \n" ); document.write( "105%x=21500 \n" ); document.write( "1.05x=21500 \n" ); document.write( "x=21500/1.05 \n" ); document.write( "☺☺☺☺ \n" ); document.write( " |