Question

A car dealer paid a certain price for a car marked it up by 7/5 of the price he paid. Later, he sold it for 24,000. What is the original piece?

Answer 1

Explanation:

The price he bought it for was x

He marked it up to 7/5 of x = (7/5)*x

The selling price was 24000

(7/5) x = 24000 Multiply by 5/7

(5/7) x = 24000 * 5/7

x = 17142.86