<PRE><B>Question 519065</B>
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 = {{{12305/1.16}}}
c = 10607.76, the cost to the dealer
then
10607.76 + 500 ~ $11,108, the amt of the offer</PRE>