The list price was $23,540
Step my step explanation:
In this problem, we are trying to find 100 percent of the 93% Steve paid for his new car. First we will find the 7% Steve has not paid yet. If Steve paid $22,000, that would be 93% of the list price.
1.) Multiply 22,000 by .07 (or 7 percent)
2.) Add the 7 percent ($1540) to $22,000 (The amount he already paid)
3.) Get the result 23,540!
Let me know if you have any questions :$