Question

A car dealer paid a certain price for a car and marked it up byt 7/5 of the price he paid. Later he sold it for 24000. What is the original price ?

Answer 1

Answer: The original price wil be 10000.

Step-by-step explanation:

Let the original price be x

Let the marked price be given by

$\frac{7}{5}\times x+x=\frac{12x}{5}$

so,

According to the question,

$\frac{12x}{5}=24000\\\\x=\frac{24000\times 5}{12}\\\\x=10000$

so, the original price will be 10000.