A car dealer paid $2850 for 26. Used Car Sales: a used car. For his upcoming Labor Day sale, he wants to offer a 5% discount off the posted selling price, but would still like to make a 40% profit. What price should he advertise for that car?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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and 4% interest on a mutual bond fund. If
28. Investing: Jordan is earning 1.5% interest
from money invested in a savings account
26. Used Car Sales:
A car dealer paid $2850 for
a used car. For his upcoming Labor Day sale,
he wants to offer a 5% discount off the posted
selling price, but would still like to make a
40% profit. What price should he advertise for
that car?
the total of hin i
000 and the
Transcribed Image Text:and 4% interest on a mutual bond fund. If 28. Investing: Jordan is earning 1.5% interest from money invested in a savings account 26. Used Car Sales: A car dealer paid $2850 for a used car. For his upcoming Labor Day sale, he wants to offer a 5% discount off the posted selling price, but would still like to make a 40% profit. What price should he advertise for that car? the total of hin i 000 and the
Expert Solution
Step 1

Given that: Cost Price for car dealer, CP=$2850Discount to be offered, D = 5%Desired profit, P=40%

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