Question

I purchased a used car for $25000 . This is $1000 more than 1/2 the price of a new car of the same model . What is the price of the new car in the same model?

Answer 1

p = $48000: price of the new car of the same model

Explanation:

Represent this price by p. Then

(1/2)p + $1000 = $25000, or:

(1/2)p = $24000

Multiplying both sides by 2 clears out the fraction:

p = $48000: price of the new car of the same model