The markup on the typical used car is 30% of its wholesale value. If a car just sold for $5600, what was its wholesale value?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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The markup on the typical used car is 30% of its wholesale value. If a car just sold for $5600, what was its wholesale value?

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