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a new car has a list price of $32,500. suppose that the dealer markup on this car is 5%. To determine the dealer`s cost for the car, solve the equation x+0.05x=32,500 where x represents the dealer`s cost for the car before markup.

Respuesta :

MarkV
Hi there!

Let's solve this equation step by step!
[tex]x + 0.05x = 32500[/tex]

First collect the terms on the left.
[tex]1.05x = 32500[/tex]

And finally divide both sides by 1.05
[tex]x = 30952.38...[/tex]

In the question you mentioned that the dealer's cost for the car was represented by x, and we can therefore say that the answer is about $30952.38

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