Question

A Toyota dealership paid $22,450 for a Camry and marked it up by 33% of the price they paid. You purchased this Camry during a President’s Day sale and received 10% off the marked up price. How much did you pay for this Camry?

Answer 1

Answer:

$22,872.65

Step-by-step explanation:

After the dealer marked up the price by 33%, the pre-sale selling price was 1+0.33 = 1.33 times what the dealer paid. When you received a 10% discount, you paid 1-0.10 = 0.90 times the pre-sale selling price. Thus, the price you paid was ...

$22,450 · 1.33 · 0.90 = $26,872.65