# Math

posted by .

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

## Similar Questions

1. ### computer science

Write a program that will input an item’s wholesale cost and its markup percentage. The program will output the item’s retail price. The program should repeat for several input values. For example, if an item cost is 5.00 and markup …
2. ### Math

Would someone please double check my answers. The retail cost of a computer is 32% more than its wholesale cost?
3. ### Math

Worldwide quarterly sales of a brand of cell phones was approximately q = −p + 176 million phones when the wholesale price was \$p. (a) If the cellphone company was prepared to supply q = 9p − 344 million phones per quarter …
4. ### Math

The markup on a used car was at least 21% of its current wholesale price. If the car was sold for \$4500, what was the maximum wholesale price?
5. ### math

The wholesale cost of a video game is \$459.45. The original markup was 51% based on selling price. Find the final sale price after the following series of price changes: a markup of 24%, a markup of 17%, and a markdown of 10%.
6. ### math

The wholesale cost of a video game is \$459.45. The original markup was 51% based on selling price. Find the final sale price after the following series of price changes: a markup of 24%, a markup of 17%, and a markdown of 10%.
7. ### math

The retail price of a pair of skis consists of the wholesale cost to the retailer plus the retailer's markup. If skis retailing for \$712 are marked up by 60% of the wholesale cost, what is that wholesale cost?
8. ### math

selling price of computer is \$75 less than 2 times wholesale price. selling price of a tv is \$550, what equation is used to find wholesale price of tv
9. ### Accounting

A music store sells a CD with a wholesale price of \$6 for \$10.50 and one with a wholesale price of \$14.00 for \$20.50. If the markup policy for the store is assumed to be linear, find a function r = m(w) that expresses the retail price …
10. ### Math

he wholesale cost of a delivery van is \$31,300. The original markup was 26% based on selling price. Find the final sale price after the following series of price changes: a markup of 46%, a markup of 15%, a markdown of 40%, and a markup …

More Similar Questions