Question

PLEASE HELP

Answer 1

Answer:

The car was sold for $62,500.

Step-by-step explanation:

This question can be solved by a rule of three.

The commission rate on the sale of a new car is 0.4%

The commission on one car is $250, which means that 250 is 0.4% = 0.004 of the car price. How much is 100% = 1?

0.004 - $250

1 - x

$0.004x = 250$

$x = \frac{250}{0.004}$

$x = 62500$

The car was sold for $62,500.