Posted by **Jenny** on Thursday, January 31, 2013 at 10:10pm.

The markup on a used car was at least 20% of its current wholesale price. If the car was sold for $5900, what was the maximum wholesale price? (Give your answer correct to the nearest dollar.)

- Math -
**Reiny**, Thursday, January 31, 2013 at 10:14pm
1.2x = 5900

x = 5900/1.2 = 4916.67

or $4917 to the nearest dollar

- Math -
**Jenny**, Thursday, January 31, 2013 at 10:17pm
where did the 1.2 come from?

- Math -
**Reiny**, Thursday, January 31, 2013 at 11:30pm
20% increase

= 100% + 20%

= 1 + .02

= 1.02

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