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Answer:
The percent increase in the price of the car is <u>31.36%</u>.
Step-by-step explanation:
Given:
A car dealer buys a luxury car for $65,200 and sells it for $85,650.
Now, to find the percent increase in the price of the car.
Cost price of the luxury car = $65,200.
Sell price of the luxury car = $85,650.
So, the price of the car increased by:
Sell price of the luxury car - Cost price of the luxury car.
<em>Thus, the price of car increased by $20,450.</em>
Now,to get the percent increase in the price of the car:
Therefore, the percent increase in the price of the car is 31.36%.