Question

How would I set up this problem?

Answer 1

Let the price of the car be p dollars. Then:
Savings in first 6 months = 3p/4 - 80
Savings in the second 6 months = p/5 + 50
Total savings plus 370 dollars = the price of the car, p
\[\frac{3}{4}p-80+\frac{p}{5}+50+370=p\ .........(1)\]
So now you just need to solve equation (1) to find the value of p. Can you do that?

Answer 2

Yes I can. Thank you

Answer 3

You're welcome :)