Question

Brian has decided he would like to negotiate on a car with a $32,000 sticker price. If the dealer's cost on this car is 15 percent lower than the sticker price, Brian should be able to negotiate a price somewhat higher than

Answer 1

Brian should be able to negotiate a price higher than $27,200.

Explanation:

Given:

Sticker price of the car = $32,000

Cost of the car = 15% lower than the sticker price.

We need to find the cost of the car as negotiation price needs to be higher than the cost price.

Solution:

First we find the cost of the car.

In the above statement, the cost of the car is 15% lower than the sticker price, so we use the percentage formula for cost of the car.

Using percentage formula.

`percentage\ cost = (100-percentage\ value)/(100)* Sticker\ cost`

Now, we substitute percentage value = 15 and Sticker cost = $32,000

`Cost\ of\ the\ car=(100-15)/(100)* 32000`

`Cost\ of\ the\ car=(85)/(100)* 32000`

Now, we divide 32,000 by 100

`Cost\ of\ the\ car=85* 320`

`Cost\ of\ the\ car=\$27,200`

So, cost of the car is equal to $27,200

Therefore, Brian should be able to negotiate a price higher than $27,200.