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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.)

1.2x = 5900 x = 5900/1.2 = 4916.67 or $4917 to the nearest dollar

where did the 1.2 come from?

20% increase = 100% + 20% = 1 + .02 = 1.02

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