Question

The suggested list price of a new car is $34,000. The dealer's cost is 85% of list. How much will you pay if the dealer is willing to accept $100 over cost for the car?

Answer 1

$29,000

Explanation:

the dealer's cost is 85% of the list price so:

List Price: $34,000

Dealer's cost: $34,000*0.85= $28,900

Dealer is willing to accept $100 over cost so:

$28,900+$100= $29,000