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?

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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) About Me  (Show Source):
You can put this solution on YOUR website!
24500/1.05=23,333