Question

Fred decided to look at new and used cars. Fred found a used car for $22000. Fred found that he paid 55% of the price of a new car. How much would a new car cost?

Answer 1

To find the price of a new car, set up the equation 55% of x = $22,000. Solve for x by dividing $22,000 by 0.55. The price of a new car would be $40,000.

Step-by-step explanation:

To find the price of a new car, we can use the information given in the question. Fred found a used car for $22,000, which is 55% of the price of a new car. Let's call the price of the new car 'x'. We can set up the following equation:

55% of x = $22,000

To solve for x, we can first convert 55% to a decimal by dividing by 100: 55/100 = 0.55.

So the equation becomes: 0.55x = $22,000.

To isolate x, we divide both sides of the equation by 0.55: x = $22,000 / 0.55 = $40,000.

Therefore, a new car would cost $40,000.