Question

Trevor is a car salesman.

He bought a car for £5000
Currently he is holding a sale with 35% off the price of all cars.
Trevor wants to sell the car so that he makes a 10% pro\it on the price he paid.
How much should Trevor advertise the car for?

Answer 1

£3575

Explanation:

If Trevor bought the car for £5000, he wants to make a 10% profit on it.

His profit will be 10% of £5000 which is (10/100) x 5000 = £500.

So, his total cost for the car and profit will be £5000 + £500 = £5500.

Since Trevor is holding a sale, he is offering a 35% discount on the car. Therefore, the discounted price of the car will be:

Discount = 35/100 x £5500 = £1925

The price at which Trevor should advertise the car is the original price minus the discount:

Advertised price = £5500 - £1925 = £3575

Therefore, Trevor should advertise the car for £3575.