Question

A car dealer advertises "All cars 19% off sticker price!" A buyer pays $15,930.95 for a car. Estimate the sticker price.

Answer 1

16,000

is there any multiple choice

Answer 2

No multiple choice

Answer 3

@douglaswinslowcooper

Answer 4

hold on

Answer 5

ok

Answer 6

@douglaswinslowcooper

Answer 7

19% (0.19) off of some price = 1- 0.19 = 0.81*that price

0.81x = 15,930.95

Answer 8

I got your signal, Commissioner.

Cost = (1 - 0.19)(Sticker price)

Answer 9

Just as @bibby has.

Answer 10

Follow my father @douglaswinslowcooper 's advice. He's shown me the right path for many other things in life.

Answer 11

haha me 2

Answer 12

lol

Answer 13

@bibby is quite generous.

Answer 14

We're ESTIMATING, people!

19% isn't far from 20%

15930.95 isn't far from 16000.

100% - 20% = 80%

16,000 is 80% of 20,000

That's one way to estimate it. Feel free to use your imagination and find other effecgtive and fast ways to do so.

Answer 15

true

Answer 16

i said 16,000

Answer 17

16000 is a very poor estimate for the sticker price.

Answer 18

so the estimate of the sticker price should be $20,000 ?

Answer 19

thnx for the drop on my thoughts #suckatestimates

Answer 20

maybe

Answer 21

You didn't read the last part, did you?

It's an estimate! The estimate should be whatever you estimate! I demonstrated one estimate. If you like that one, and understand it, feel free to go with it. Or, make up your own estimate.

Answer 22

Good point: "estimate." (4/5) sticker = 16000
Sticker = 20000

Answer 23

16000 is an estimate on the discounted car. We're finding the estimate of the sticker (original) value. see: above

Answer 24

The word "good" is probably not appropriate. Any estimate with a reasonable basis, that is sufficient for your needs is a "good" estimate.

Answer 25

well, im will try to find the answer!!

as i will good bye daddy(doug(LOL))

Answer 26

So what is the answer here 20,000.00 ?

Answer 27

"All cars 19% off sticker price!" A buyer pays $15,930.95 for a car. Estimate the sticker price"

You can improve your estimate, with just a little more effort, by keeping track of your errors - just a little.

19% is almost 20% - We will be estimating the discount a little too high.
Thus, the implied Sale Price will be a little low.
15930.95 is almost $16000. We are estimating the sale price a little too high.

Well, that's interesting. One estimate is a little high (16000) and the other a little low (100 - 20 = 80). Thus, our estimate is expected to be not far from the actual value.

If they were both high or both low, this would be a different story.

Answer 28

You must pay attention to ALL of what you are seeing.

What estimate did you produce? Which estimate do you understand?

Produce an estimate and go with it. Justify your process and go with it.

You are supposed to be learning to ESTIMATE. You shoudl NOT be focused on what you think someone else may believe is RIGHT or CORRECT.

What estimate have you imagined? Do it!

Answer 29

I agree with the estimates of 20% and 16,000.00 but then not sure where to go from here. This whole conversation kind of got off track

Answer 30

ahha

Answer 31

No, it's fine. The rest is arithmetic. 20% is a good number because it is a lovely fraction, 1/5, and this convenience may simplify the arithmetic in the estimate.

If you discount a car 20% (or 1/5), this leaves 80% (or 4/5) that you actually pay. Do you believe this?

Answer 32

Yes

Answer 33

Well, then 16000 is 4/5 of the Sticker Price. Personally, I picked 4/5 because I knew 16000 was divisible by 4.

If 16000 is 4/5 of the Sticker Price, what is 5/5 of the Sticker Price? It is an arithmetic problem.

\(\dfrac{16000}{4/5} = \dfrac{16000}{4}\cdot 5 = 4000\cdot 5 = 20000\)

Answer 34

Thanks I see it! Thanks for your help

Answer 35

welcome

Answer 36

lol