Question

At the end of the year, cars made in the current year are marked down to make room for

next year's models. One particular model had a sticker price of $45,160 when it was new. It
has just been marked down by 5%. What is the sale price of the vehicle?

Answer 1

The sale price of the vehicle is $36885

Explanation:

One particular model had a sticker price of $49,180 when it was new. This means that the initial cost of the car was $49,180. It has just been marked down by 25%. This means the initial price of the car was reduced by an amount. The amount by which the initial price of the car was reduced would be

25/100 × 49180 = 0.25 × 49180 = $12295.

The sale price of the vehicle would be

49180 - 12295 = $36885