Math

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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 -

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

  • Math -

    where did the 1.2 come from?

  • Math -

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

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