Question

A dealer purchased a car for $24,500 and marked it up 17%. What is the sticker price of the car?

Answer 1

$28,665

24500*.17+24500=28,665

Answer 2

$28665

Explanation:

Cost of car = $24500

Dealer marked it up 17%

So, Cost of the car is marked up by price =
`17\% * 24500`

Cost of the car is marked up by price =
`(17)/(100) * 24500`

Cost of the car is marked up by price =
`4165`

So, The sticker price of the car = $24500+$4165 = $28665

Hence The sticker price of the car is $28665