@Becki @DSS

A used-car dealer has a vehicle on the lot with a sticker price of $9999. If the dealer markup on used vehicles is 15%, how much did the dealer pay for the car?

A. $8694.78
B. $5000.00
C. $8425.00
D. $4925.75

Question

@Becki @DSS 

A used-car dealer has a vehicle on the lot with a sticker price of $9999. If the dealer markup on used vehicles is 15%, how much did the dealer pay for the car?

 		A.	$8694.78
 		B.	$5000.00
 		C.	$8425.00
 		D.	$4925.75

anonymous · Answer

So, you want the sticker price, $9999, to be 115% of the dealer price, right? Because what the dealer paid (100%) + his markup (15%)= sticker price.

So 115% of what = 9999

Do you know how to write 115% in decimals?

anonymous · Answer

1.15

anonymous · Answer

OK...good. So your equation would be 

1.15x=9999

anonymous · Answer

a

anonymous · Answer

Yes! Do you understand it the way I explained it?

anonymous · Answer

yes:)