SOLUTION: The markup on a used car was at least 37% of its current wholesale price. If the car was sold for $4300, what was the maximum wholesale price? I can't remember how to work thes

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: The markup on a used car was at least 37% of its current wholesale price. If the car was sold for $4300, what was the maximum wholesale price? I can't remember how to work thes      Log On


   

Question 337656: The markup on a used car was at least 37% of its current wholesale price. If the car was sold for $4300, what was the maximum wholesale price?
I can't remember how to work these problems out. Thank you.
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
The markup on a used car was at least 37% of its current wholesale price. If the car was sold for $4300, what was the maximum wholesale price?
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Equation:
wp + 0.37(wp) = 4300
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1.37(wp) = 4300
wp = $3138.69
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The wholesale price was at most $3138.69
if the markup was 37%.
If the markup was higher than 37% the
wholesale price was lower than $3138.69
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Cheers,
Stan H.