Question

A car dealer paid a certain price for a car and marked it up byt 7/5 of the price he paid. Later he sold it for 24000. What is the original price ?

Answer 1

Answer: The original price wil be 10000.

Explanation:

Let the original price be x

Let the marked price be given by

`(7)/(5)* x+x=(12x)/(5)`

so,

According to the question,

`(12x)/(5)=24000\\\\x=(24000* 5)/(12)\\\\x=10000`

so, the original price will be 10000.