Question

a car dealer buys a luxury car for $65,200 and sells it for 85,650. What is the percent increase in the price of the cara car dealer buys a luxury car for $65,200 and sells it for 85,650. What is the percent increase in the price of the car

Answer 1

Answer:

The percent increase in the price of the car is 31.36%.

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.

$=\ 85,650-\ 65,200\\\\=\ 20,450.$

Thus, the price of car increased by $20,450.

Now,to get the percent increase in the price of the car:

$\frac{20450}{65200} \times 100$

$=0.3136\times 100$

$=31.36\%.$

Therefore, the percent increase in the price of the car is 31.36%.