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Finger [1]
3 years ago
8

Al's awesome autos advertised a special sale on cars - Dealer cost plus 5%!! Jack and Margaret boughta luxury sedan for $23,727.

90. What was the dealers cost?
Mathematics
1 answer:
Marat540 [252]3 years ago
5 0
05/23727.90=100/x
105x=23727.90x100
105x=2372790
(105x)/105=2372790/105
x=22598

dealers cost is $22,598

<span>the 105% is the 100% price of the car plus the 5% of that tax</span>
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The annual percentage rate on the loan is 15.14% which represents the actual cost on the loan not just the interest cost of 8% annually

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