Question
Personal Finance: cost of a Car The suggested list price of a new car is 24,000 dollar .$ The dealer's cost is $85 \%$ of list. How much will you pay if the dealer is willing to accept 300 dollar over cost for the car?
Step 1
The dealer's cost is 85% of the list price. To calculate this, we multiply the list price by 85% (or 0.85 in decimal form). \[Dealer's Cost = List Price \times 85\%\] \[Dealer's Cost = \$24,000 \times 0.85\] \[Dealer's Cost = \$20,400\] Show more…
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